Latest Articles
Is China on a 'Gold Standard'? (2/24/2012)
Domestic inflation in China as well as yuan appreciation have boosted the prices of Chinese imports to the US.
Domestic inflation in China as well as yuan appreciation have boosted the prices of Chinese imports to the US.
Two-tier Wages (2/10/2012)
Detroit Three's two-tier wage system may be the answer to the cost advantage of transplanted auto makers.
Detroit Three's two-tier wage system may be the answer to the cost advantage of transplanted auto makers.
Profit Maximization of Price Takers - youtube (transcript) (2/6/2012)
As one of many small firms, price takers are powerless to set price. They set the max-profit output by equating price with marginal cost.
As one of many small firms, price takers are powerless to set price. They set the max-profit output by equating price with marginal cost.
Profit vs Efficiency Maximization - youtube (transcript) (1/29/2012)
Pricing modes determine the conflicts between profit maximization and efficiency maximization.
Pricing modes determine the conflicts between profit maximization and efficiency maximization.
Profit Maximization Under Natural Monopoly - youtube (transcript) (1/29/2012)
Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.
Natural monopoly with decreasing average total cost can still make profit by equating marginal revenue with marginal cost while achieving economic efficiency through price discrimination.
