Monday, December 13, 2010
失望
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Saturday, December 04, 2010
Lesson Learnt:
1) Profit maximization ≠ Revenue maximization
- Profti maximized when MR = MC
- Revenue maximized when MR = 0
Remarks: Good mistake made and learnt
2) Read the questions carefully. Dont skip lines. Underline the key figures or words given and answer accordingly
Remarks: Dumb mistake made. Not answering what the question wants.
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