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\nMaximizing Profit and the Shut Down Rule- Micro Topics 3.5 and 3.6\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nHey econ students. If there is only ONE thing that you need to know for your microeconomics class and for running your own business it’s the profit-maximizing rule. You always produce where MR = MC. Well, not always. Sometimes you should...\nHey econ students. If there is only ONE thing that you need to know for your microeconomics class and for running your own business it’s the profit-maximizing rule. You always produce where MR = MC. Well, not always. Sometimes you should shut down instead. In this video I show you the profit-maximizing rule and the shut down rule.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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6:23
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2021
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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microeconomics, opportunity cost, profit, revenue
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Additional Tags

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maximizing profit, shut down, micro, mr = mc, costs, shut, down, rule, avc, additional revenue, short run, inverted stoplight, low barriers, fixed costs, cost curves, additional cost, total cost, economic profit, minimum avc, long run, maximize profit, price falls, stop producing, falls, long, make, stop, price, calculate, pizza, producing, firms, loss, making, means
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Maximizing Profit and the Shut Down Rule- Micro Topics 3.5 and 3.6\" href=\"/subscription/new\">\"Maximizing\n\n
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