This Economics video for Class 11 about Measuring Profits and Losses for a firm under Perfect Competition from the chapter Theory Of Firm Under Perfect Competition is Part 4 and a continuation from the previous video of the same chapter. The topics covered in this video are:
• How to measure profit and loss for a firm
• Graph representing profits for a firm under perfect competition
• Optimal quantity of output to produce
• Optimal quantity to produce based on marginal revenue and marginal cost
The topics are taught by Dr. Arjun Sondhi, brought to you by IWIZ Economics.
For the previous videos of the same Chapter please click the link below:
Part 1-
Part 2-
Part 3-
For more videos of Class 11 Economics other Chapters please click the link below:
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