Chapter Nineteen
Chapter Nineteen. Profit-Maximization. Economic Profit. A firm uses inputs j = 1…,m to make products i = 1,…n. Output levels are y 1 ,…,y n . Input levels are x 1 ,…,x m . Product prices are p 1 ,…,p n . Input prices are w 1 ,…,w m. The Competitive Firm.
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