PMAP 8141 • Example: Costs + profit maximization with formulas
Channel: Andrew Heiss
Date: 2020-07-02

Demonstration of how to use math to calculate different types of costs (fixed, variable, total fixed, total variable, average fixed, average variable, marginal) and how to maximize profit

Find the data and see a more detailed explanation at https://econs20.classes.andrewheiss.com/resource/costs/