Essay On Figure X.

Essay Preview: Ib Report this essay ECONOMICS 10-8 ECON 10-8: FINAL EXAM 12/16/00 PROF. WILDE In microeconomics, we typically assume that producers are attempting to maximize profits, which can be measured by: total costs – total revenues (P – ATC) Q (Q-ATC) P PQ – ATC P(ATC) – Q In microeconomics, we refer to the.