Getting MC = MR. For maximization of outputs. Then elasticity. What else should I study for the final?
2006-12-01 13:51:57 · 3 answers · asked by Dave 6 in Social Science ➔ Economics
You can't just start making your own theories. You need to have good arguments to do that.
I've never taken Managerial Economics, but I would say in general, consumer and producer surplus, derived market demand, returns to scale, market power: monopoly, monopsony, duopoly, etc.., asymmetric, symmetric information, present value, and more?... Thank god I'm graduating soon...,
2006-12-01 16:15:11 · answer #1 · answered by wat~ 3 · 0⤊ 1⤋
Economics is purely theoretical, there's no science behind it. If you get stuck on a question, just start making up your own theories -- within reason, you can't be wrong.
2006-12-01 21:54:56 · answer #2 · answered by Anonymous · 0⤊ 1⤋
yes MICRO-economics is all about increasing the gap between cost and revenues to maximize profits
2006-12-02 06:57:02 · answer #3 · answered by Anonymous · 0⤊ 1⤋