In this section:
Law of Diminishing Returns
Short Run Cost Curves
Relationship between MC and Market Supply Curve
Long Run Cost Curves
In this section:
The assumption of Profit Maximisation
Alternative Goals of a Firm
In this section:
How we determine the revenue curves
The Relationship between MR & AR
Profits using TR-TC
Profits using MC=MR
In this section:
How Businesses Grow
Mergers and Takeovers