Learn how monopolies maximize profits by equating marginal cost and revenue. Discover the economic principles guiding price and output decisions in monopoly markets.

Profit maximization is a method of setting prices for your products so they return the most possible revenue and profitability to your business. A company could theoretically sell out its entire ...

Maximizing profits by minimizing service and integrity can lead to business problems that eventually sink a business, as shortcuts and bad PR cause customers and employees to leave. Some of the ways ...

An Excel workbook called ProfitMax.xls provides a simple example of how to use Solver and the Comparative Statics Wizard. The Comparative Statics Wizard is an Excel add-in that walks the user through ...

In a recently published article in the Yale Law Journal, Associate Professor of Law Daniel Francis JSD ’20 notes that ...