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Talk:Profit maximization

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This is an old revision of this page, as edited by Edwardmking (talk | contribs) at 18:31, 28 February 2007 (Other methods of Profit Maximization). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

If anyone would like to add images to clarify the equations or the cost graphs, it would greatly increase the clarity of this article... I'll probably take care of it myself in a while, but if anyone else wants to take the bait, please do so!

Scyth 01:14 Dec 30, 2002 (UTC)

marginal cost-revenue diagram

isn't the marginal cost revenue diagram for a firm in perfect competition, which is sort of unhelpful in this case as in the long run this nfirm will not make abnormal profit? Anyone got a better diagram?

Other methods of Profit Maximization

Anyone else think this article could benefit from discussing additional ways of maximizing profit, as well as the way methods change based on market power and available data? In particular, I was thinking along the lines of estimating optimal markup on marginal cost based on elasticity of demand. This is important because it allows firms with less data about their demand curve to profit-maximize. Thoughts?Edwardmking 18:31, 28 February 2007 (UTC)[reply]

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