« Supply and Demand for Labor | Main | Profit Maximizing Quantity of Labor Hired »
May 17, 2006
Profit Maximizing Quantity of Output
To establish a connection with microeconomics, we began our discussion of the demand for labor by studying the profit maximizing level of output for a price taker and for a monopolist. The former case provides a nice explanation of the origins of the supply curve for the good the firm produces.
Posted by bparke at May 17, 2006 10:06 PM