Micro: Unit 3.3 -- Profit Maximization

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define marginal revenue (MR)
- Practice calculating the marginal cost and marginal revenue for a firm at different levels of
output
- Explain how producing at an output where marginal revenue equals marginal cost ensures
profit-maximization for a firm
- Analyze how changes to product price will alter the the profit-maximizing level of output
produced by the firm
- Investigate how changes to production costs will alter the the profit-maximizing level of
output produced by the firm
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
www.teacherspa...
Follow our store on Teachers Pay Teachers
www.teacherspa....
Look for us on Social Media:
Instagram -- / youwillloveh. .
Facebook -- / youwilllovehi. .
Subscribe to our RUclips Channel:
/ youwillloveeconomics
Check out our website for teaching tips and insight from us- sites.google.c...

[@donflexmanhamukonda5214]

All the way from Namibia, Africa. Thank you for guiding me through my university modules

[@michaelj1237]

crystal clear and precise explanation. thank you!!

[@私は死にたい-f6y]

this truly helped me on our reporting a thanks from Philippines

[@affjar74]

You videos are really helpful 👍👍👍

[@matejbeber8892]

Greetings from Slovakia . I have done my macro-economics course at the university because of your videos :D Thank you!

[@yorgenthesmorgen4405]

You are awesome

[@gaeb-hd4lf]

Man your videos are one of the best economics videos on youtube no doubt!