Matt Pearce @mattdpearce.com · May 13

I bought a managerial economics textbook for some self-guided learning, it’s been a handy guide to “here’s why everything feels like ass.” quiz question on how to precisely maximize profits after your cigarette company has a tobacco settlement

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Matt Pearce · May 13

(Turns out a tobacco settlement is a fixed cost that affects neither demand elasticity nor marginal cost, so you should just keep selling cheap cigs to maximize revenue)