In order to maximize profits, firms must ensure that any given output level is produced at least cost and then select the price-output combination that results in total revenue exceeding total cost by the greatest amount possible. With this in mind, this second module of the Power of Markets course addresses how firms can most effectively convert inputs into final output and then covers determining the best price-output combination for a firm and how this varies depending on whether the firm is operating in a perfectly competitive or imperfectly competitive market setting.


您将学到什么
Students will be able to explain how firms select price-output levels in order to maximize revenue.
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要了解的详细信息

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4 项作业
了解顶级公司的员工如何掌握热门技能

该课程共有4个模块
The Production Process: How Firms Convert Inputs into Final Outputs.
涵盖的内容
8个视频1个作业
How Firms Minimize the Cost of Producing Output.
涵盖的内容
9个视频1个作业
How Firms Maximize Profits in Perfectly Competitive Markets.
涵盖的内容
10个视频1个作业
The Sources and Uses of Monopoly Power.
涵盖的内容
10个视频1个作业
位教师

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University of Rochester
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University of Rochester
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University of Virginia
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已于 Jun 20, 2019审阅
This course was great. I strongly recommend buying the recommended book, as it will help a lot.
已于 Apr 18, 2017审阅
The course that changes way of thinking. Thank you a lot for this.
已于 Mar 23, 2018审阅
The best courses in Coursera, i greatly appreciate the hard work by Professor Zupan, a happy man from China.
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