Profit Maximization Project Help

Profit maximization is a short run or lung run process according to which the firm decides the price, input and output which finally determines the maximum revenue they have generated. Profit maximization theory has two rules, one is MR=MC and second is MC cuts MR from below. Maximum profit is the profit above average cost of production which is the amount left with the company after payment of total cost that includes variable and fixed cost.

Profit maximisation is a part of economics which requires the knowledge of the theory, practical understanding of the subject and its application in the firm. This result in making the assignment related to profit maximisation complicated to comprehend. Due to complication with the understanding of this theory, the students search for online experts who could provide them good Profit maximization project help.


Profit Maximization Theory

Profit maximisation of a firm can be expressed as Maximise P (q)

Where P (q) = R (q) – C (q)

P (q) is profit, R (q) is revenue and C (q) is cost and Q is the units sold in the market.

The theory of profit maximization can be divided in two parts:

Perfect competition market: Perfect competition is the market where firms are the price taker and is free entry and exit of the firm. So, MR (marginal revenue) curve coincides with AR (average revenue) curve. The MR and AR curve is horizontal and parallel to x-axis. The profit maximization condition is MR=AR=MC, where MC cuts the MR curve from below. The point B is the point where firm maximises it profit and the firm should not produce beyond the point Q, as there would be no payoff.

The questions framed on perfect competition market trouble students in large quantities. They carry good weightage and therefore, someone who is well-familiar with the concept can help you save scores. You can also ask our economics writers for their professional economics assignment writing services. Not only Profit maximization project help can be accomplished, but you can also avail on other topics related to economics assignment from them.

Profit maximisation theory

Monopoly market: Monopoly market is the market with one seller and numerous buyers. In this, the sellers are the price setter and MR and AR curve do not coincides. The demand curve in monopoly market is downward sloping. The profit maximization situation in this type of market is also MC=MR< AR and MC cuts the MR curve from below. The firm should produce at Q, where the MR=MC. If they produce more than Q, then the MC will be more than MR, and each output produced will decrease the revenue of the firm. At point Q, the firm is at equilibrium only on the condition if the firm do not change the price and output.

monopoly market graph


How Do We Ensure Top Quality Project Maximization Project Help?

As students seek external help due to difficulty of the assignment and the complications of this subject, we provide high quality Profit maximization project help. We have highly experienced subject matter expert who ensures that the correct methodology and approach are applied in the assignment. The quality assurance team insures the plagiarism and verifies that the solution of the assignment do not have any spelling or grammatical error. We also provide Turnitin report with 0% similarity index which increases the reliability of the assignment. Out team also guarantees on time delivery with economical prices.

You can contact us via call or email-id and can secure high marks with HD level Profit maximization assignments done by our economics experts.


Order Now !

How to use our services
submit assignment details
make assignment payment
recieve your assignment
Student Testimonials

I do not know how to express my gratitude in words. You saved my six months of time because I passed my Project Management Subject.

- Abirdy, Melbourne

I had forgotten about my submission deadline and remembered about it at the last hour. I immediately contacted several assignment service providers, but none of them confirmed. Finally, I contacted Onlineassignmentexpert.com. They delivered the paper in 4 hours.

- Afnan, Sydney

For a Nursing case study on Elderly Care, I got a very good grade. Thanks to Online Assignment Expert website. I highly recommend them to others for quality assignment help and support.

- Elizabeth, London

Assignment Help Features

  • marketing criteria

    Adherence to
    Marking Criteria

    We always ensure that our experts completely understand and follow the instructions/marking criteria given by the University.

  • power research using wide resources

    Comprehensive Research
    Using Wide Resources

    Research is done using wide range of resources such as books, journal articles, academic publications and electronic databases.

  • plagiarism free content

    Plagiarism Free
    Content

    100% unique content is written for every assignment. Free Turnitin Report is provided with all the completed assignments.

  • Proofreading And Quality Check

    Proofreading and
    Quality Check

    All the assignments are sent for proofreading and quality check before the final delivery to ensure that all the criteria are successfully met with.

  • affordable pricing

    Affordable
    Pricing

    We understand that students live on a tight budget. Pocket friendly prices are guaranteed, along with free revisions if and when required.

  • ontime delivery

    Guaranteed
    Timely Delivery

    We ensure speedy delivery of assignments irrespective of the deadline at hand. Our experts always deliver high quality work on time.

  • guaranteed privacy

    Complete
    Privacy

    Information provided by the students is protected and privacy is secured. We do not disclose your personal details to anyone.