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IVB1. Maximizing profits under perfect competition |
| Day 26: |
IVB1a. Using first-order conditions (FOC) to find solution values |
| Readings: |
Mathis and Siegel, Chapter 7, pp.254-256 |
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| Day 27: |
IVB1b: Using second-order conditions (SOC) to check results |
| Readings: |
Mathis and Siegel, Chapter 7, pp.263-269 |
| Handouts: |
Solving profit-maximizing
problems under perfect competition |
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| Day 28: |
IVB: Maxmizing profits under monopoly |
| Readings: |
Mathis and Siegel, Chapter 7, pp.256-259 |
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| Day 29: |
Workshop: Maxmizing profits under competition and monopoly |
