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Recording of Webinar 6
#Exploring_Economics
π 6th Topic: Lecture slides and Seminar questions analyzed β
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#Exploring_Economics
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Forwarded from EXAM COOK (ΞΩ ππ’π ππππΩ Ξ)
β¨ Level 4 | Math for Eco Webinars Final exam Collection
* In all of them Seminar questions were analyzed
For questions: @MuslimaIkromova
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I'm taking a quiz from StudyBuddy, let's finish it first then we will start at 2pm
https://t.me/StudyBuddy_online/180
https://t.me/StudyBuddy_online/180
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We will start in 5 minutesπ±
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TOPIC 7!
Profit Maximization !
Profit Maximization !
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20ta sumka -> 120mingdan sotilgan
Average cost=100ming
21chi sumka -> MCni narxi bn teng bolishi kk (short runda) MC=P
-> 100ming
Average cost=100ming
21chi sumka -> MCni narxi bn teng bolishi kk (short runda) MC=P
-> 100ming
Forwarded from Bunyod
In economics, MC = ATC (Marginal Cost equals Average Total Cost) signifies the break-even point, where a firm covers all its costs (fixed and variable) but makes zero economic profit, operating at the minimum point of its U-shaped Average Total Cost curve, and this is where a firm's production decision maximizes total revenue from total cost if it's a perfectly competitive firm
Forwarded from Bunyod
5. Profit is maximized at the level of output where the difference between Total Revenue (TR) and Total Cost (TC) is the greatest. This occurs when the slope of the TR curve (Marginal Revenue, MR) is equal to the slope of the TC curve (Marginal Cost, MC)
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MP=MR-MC=0
MR=MC -> profit max
MR=MC -> profit max
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