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Maximizing Profit and the Shut Down Rule- Micro Topics 3.5 and 3.6
Hey 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. Be sure to ...
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