Friday, December 18, 2009

Least Cost and profit maximization for AP Microeconomics

Summary: Equating the ratio of MPL and MPK to find least cost combination of resources. Equating ration of MRPL/Pl to MRPK/PK to 1.

Least Cost Rule and Profit Max
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About the Author: Mike Fladlien is an AP Economics teacher from Muscatine High School in Muscatine, IA. He is an EconEdLink.org author, and also publishes the Mikeroeconomics and iMacroeconomics VB blogs.
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