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[Week 4-2] Profit MaximizationMicroeconomics

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    • Category : Social Sciences > Economics & Finance
    • Taught by : Jinhwan OH
    • Created By : Ewha Womans University
    • Offered By : Ewha Womans University
    • Date Added : 2022.11.08
    • Hits : 202
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    Introduces profit maximization subject to production constraint, and, using short-run 1 input 1 output model (Ix1), this lecture derives optimal solution for input and output, known as labor demand and output supply.

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