Discuss this week's objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
Prepare a 350- to 1,050-word paper detailing the findings of your discussion.
Objectives:
- Identify production level to maximize profits.
- Explain how to balance fixed and variable costs.
- Apply economic cost concepts in making business decisions.