USA, New York – Aug 30, 2013 - Profit maximisation is a short run process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem, such as the total revenue – total cost method depends on the fact profit equals to revenue minus cost, and the marginal revenue – marginal cost method is based on the fact that total profit is perfectly competitive in a market, which reaches its maximum point where marginal revenue equals marginal cost. Pretty simple that sounds. Profit maximization is one of those basic concepts of microeconomics that are obviously known by every economics student. It is easy and basic. However, we cannot deny the fact that things that are easy for some might be difficult for the rest. Based on the same principle is the fact that while concepts are clear to most of the students, there still exists a large fraction of students who struggle daily with basic concepts and are unable to find a source where they can get those basics understood. Considering this pitiable situation of education system where students struggle with the basics, Transtutors, a leading online education portal, had initiated to help those students who cannot find help anywhere else. It started off as an assignment and homework help website in 2007 guiding weaker students in solving their assignment problems. However, in the past few years, it not only became a favourite with weaker students, but also gained popularity among the brighter students given its striking services that are affordable and easy to access. The assignment help then was extended toward a more meaningful service where Transtutors began providing online tutoring to students who needed personal tutorials with exclusive attention and were not able to get it in schools and colleges. Personal home tutors would cost them a fortune where Transtutors did the job in nominal price. This service again was a groundbreaking introduction to academics technologizing and globalizing the system. With Transtutors, now, it’s not necessary that you have to choose a tutor from your region regardless of the fact whether that regional tutor is worth the amount of bucks your are paying. The globalized education allows choosing a tutor cum expert from any region of the world and getting the goodness of his /her knowledge and expertise without burning a hole in your pocket. Not only that Transtutors allows its students to ask n-number of follow up questions to make sure that they have thoroughly understood the topic they are paying for.
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