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Keyword: profit maximization

A Matter of Costs (9/11/2007)

The rate at which variable cost changes in the short run is related to the nature of the fixed cost.

Keywords: AFC, ATC, AVC, average fixed cost, average total cost, average variable cost, capacity constraint, diminishing returns, efficiency maximization, increasing returns, marginal cost, MC, power generation, profit maximization

Bundle of Sorrows (6/22/2006)

Merger between firms making complementary components might be anti-competitive if the merged company can price their bundled products lower than the independent component makers.

Keywords: antitrust regulation, bundle, competition, complementary goods, components, discount, European Commission, GE, Honeywell, Justice Department, merger, pricing, profit maximization

Bundling (9/27/2011)

Selling goods in a bundle could increase sellers' profit under certain demand and cost conditions.

Keywords: mixed bundling, profit maximization, pure bundling

Marginal Revenue of Perfect Price Discriminators (11/17/2007)

The marginal revenue of perfect price discriminators is equal to price.

Keywords: economic surplus, efficiency, marginal revenue, marginal willingness to pay, MR, MWP, P, perfect price discrimination, price, profit maximization, reservation price, total willingness to pay, TWP

Profit Maximization - Total vs Marginal (11/17/2007)

Profit maximization can be characterized with reference to the total revenue and total cost curves or the marginal revenue and marginal cost curves

Keywords: fixed cost, marginal cost, marginal revenue, profit maximization, total cost, total revenue, variable cost

Profit Maximization Under Natural Monopoly (1/23/2012)

Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.

Keywords: ATC, average total cost, marginal cost, marginal revenue, MC, MR, natural monopoly, price discrimination, profit maximization, regulation, single pricing, total revenue, total willingness to pay, TWP

Profit Maximization Under Natural Monopoly (transcript) (1/29/2012)

Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.

Keywords: ATC, average total cost, marginal cost, marginal revenue, MC, MR, natural monopoly, price discrimination, profit maximization, regulation, single pricing, total revenue, total willingness to pay, TWP

Profit Maximization Under Single Pricing (transcript) (1/20/2012)

Single-price searchers maximize profit by setting a uniform price where marginal revenue is equal to marginal cost.

Keywords: diminishing returns, marginal cost, marginal revenue, MR = MC, price searcher, profit maximization, single pricing

Profit Maximization of Price Takers (11/2/2011)

As one of many small firms, price takers are powerless to set price. They set the max-profit output by equating price with marginal cost.

Keywords: perfect competition, price taker, profit maximization

Profit Maximization of Price Takers (transcript) (2/6/2012)

As one of many small firms, price takers are powerless to set price. They set the max-profit output by equating price with marginal cost.

Keywords: perfect competition, price taker, profit maximization

Profit Maximization under Single Pricing (transcript) (1/29/2012)

Single-price searchers maximize profit by setting a uniform price where marginal revenue is equal to marginal cost.

Keywords: diminishing returns, marginal cost, marginal revenue, MR=MC, price searcher, profit maximization, single pricing

Profit maximization under single pricing (11/2/2011)

Single-price searchers maximize profit by setting a uniform price where marginal revenue is equal to marginal cost.

Keywords: diminishing returns, marginal cost, marginal revenue, MR=MC, price searcher, profit maximization, single pricing

Profit vs Efficiency Maximization (11/2/2011)

Pricing modes determine the conflicts between profit maximization and efficiency maximization.

Keywords: consumer surplus, economic surplus, efficiency maximization, perfect price discrimination, price taking, profit maximization, single pricing

Profit vs Efficiency Maximization (transcript) (1/29/2012)

Pricing modes determine the conflicts between profit maximization and efficiency maximization.

Keywords: consumer surplus, economic surplus, efficiency maximization, perfect price discrimination, price taking, profit maximization, single pricing