Lecture 4: Production and Profit Maximization
1:04:57
YouTubeMIT OpenCourseWare
Lecture 4: Production and Profit Maximization
MIT 14.04 Intermediate Microeconomic Theory, Fall 2020 Instructor: Prof. Robert Townsend View the complete course: https://ocw.mit.edu/courses/14-04-intermediate-microeconomic-theory-fall-2020/ YouTube Playlist: https://www.youtube.com/watch?v=XSTSfCs74bg&list=PLUl4u3cNGP63wnrKge9vllow3Y2OOOKqF How do profit maximizing firms decide on the level ...
10.9K viewsAug 31, 2022
Profit Maximization Formula
As Nigerians living in the UK, we need to have an honest conversation about pricing and fairness within our community. Too often, some people charge outrageous prices for services—sometimes 5 times the going rate—while delivering work that isn’t even at a professional standard. Then, when questioned, they make you feel like they’re doing you a favour. Meanwhile, the exact same job can be done elsewhere for a fraction of the cost. Supporting fellow Nigerians shouldn’t mean accepting exploitation.
2:32
As Nigerians living in the UK, we need to have an honest conversation about pricing and fairness within our community. Too often, some people charge outrageous prices for services—sometimes 5 times the going rate—while delivering work that isn’t even at a professional standard. Then, when questioned, they make you feel like they’re doing you a favour. Meanwhile, the exact same job can be done elsewhere for a fraction of the cost. Supporting fellow Nigerians shouldn’t mean accepting exploitation.
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