Hey econ students. If there is only ONE thing that you need to know for your microeconomics class and for running your own business it’s the profitmaximizing rule. You always produce where MR = MC. Well, not always. Sometimes you should shut down instead. In this video I show you the profitmaximizing rule and the shut down rule. Be sure to watch my other video where I explain how to maximize profit using a chart. Here is the link:    • Maximizing Profit Practice  

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