Skip navigation

Profit maximization

Profit maximization: Managerial Economics
Profit maximization: Managerial Economics

Learning how to draw and calculate a demand curve and a cost curve enables managers and entrepreneurs to set a price that results in the highest possible profit. A the optimal price point, a price increase would reduce the demand too strongly while a price reduction would affect the profit margin too strongly.

Resume Transcript Auto-Scroll
Skill Level Intermediate
1h 20m
Duration
15,106
Views
Show More Show Less
Skills covered in this course
Business Accounting Management Leadership

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start Your Free Trial Now

Start your free trial now, and begin learning software, business and creative skills—anytime, anywhere—with video instruction from recognized industry experts.

Start Your Free Trial Now