Research the term, Theory of the Firm, and post a scholarly definition.
DQ1W4 – Business Profit Maximization
Discussion Topic
Task: Reply to this topic
Research the term, Theory of the Firm, and post a scholarly definition.
Include a clear explanation of the following concepts as part of your discussion and provide an example of how each is calculated:
marginal cost
marginal revenue
profit maximization goal
marginal profit
Directions to student: The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response. You will be writing three or more discussion posts per week.
Your main post must be two to three substantive paragraphs 150-200 total words and include at least two APA-formatted citations/references. Please follow up with two subsequent replies to colleagues. Each reply should consist of a relevant paragraph containing 100 words or more.
Answer preview to research the term, Theory of the Firm, and post a scholarly definition.
APA
410 words