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Teaching Tools: Profit Maximization Problem

Economic Inquiry, Vol XXXV, No 4, October 1997

Posted: 16 Jan 1998

See all articles by David Hemenway

David Hemenway

Harvard University - T.H. Chan School of Public Health

Elon Kohlberg

Harvard Business School

Abstract

This business problem for microeconomic students might be used as part of a problem set or as a take-home exam. It highlights the importance of marginal analysis, and the implications of the fact that rational individuals will undertake the most cost-effective measures first.

JEL Classification: A2, D0

Suggested Citation

Hemenway, David and Kohlberg, Elon, Teaching Tools: Profit Maximization Problem. Economic Inquiry, Vol XXXV, No 4, October 1997, Available at SSRN: https://ssrn.com/abstract=53520

David Hemenway (Contact Author)

Harvard University - T.H. Chan School of Public Health ( email )

677 Huntington Avenue
Boston, MA MA 02115
United States
617-432-4493 (Phone)
617-432-4494 (Fax)

Elon Kohlberg

Harvard Business School ( email )

Harvard Business School
Soldiers Field Road
Boston, MA 02163
United States

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