Utilize cost minimization and the shutdown rule to maximize profit in a perfectly competitive market.
Instructions
The window
Simulation
The simulation is comprised of multiple rounds. Once all rounds are completed, a report is generated for you to download containing your results. Submit that . In each round, you have as much time as you like to choose a level of output so long as the final record sheet is submitted by the deadline. You can go back and redo the simulation additional times if desired.