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Profit Maximization - Strategies for Economic Success Profit Maximization Unveiled - cover

Profit Maximization - Strategies for Economic Success Profit Maximization Unveiled

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

What is Profit Maximization
 
When it comes to economics, profit maximizing refers to the method by which a company can establish the pricing, input, and output levels that will result in the largest possible overall profit. This process can be carried out in either the short run or the long run. The firm is supposed to be a "rational agent" in neoclassical economics, which is the predominant approach to microeconomics at the moment. This means that the firm's goal is to maximize its total profit, which is defined as the difference between its total revenue and its total cost.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Profit maximization
 
Chapter 2: Monopoly
 
Chapter 3: Oligopoly
 
Chapter 4: Perfect competition
 
Chapter 5: Price elasticity of demand
 
Chapter 6: Economic equilibrium
 
Chapter 7: Break-even (economics)
 
Chapter 8: Marginal cost
 
Chapter 9: Marginal product
 
Chapter 10: Marginal revenue
 
Chapter 11: Marginal revenue productivity theory of wages
 
Chapter 12: Cournot competition
 
Chapter 13: Lerner index
 
Chapter 14: Cost curve
 
Chapter 15: Average variable cost
 
Chapter 16: Supply (economics)
 
Chapter 17: Marginal product of capital
 
Chapter 18: Shutdown (economics)
 
Chapter 19: Marginal product of labor
 
Chapter 20: Markup rule
 
Chapter 21: Monopoly price
 
(II) Answering the public top questions about profit maximization.
 
(III) Real world examples for the usage of profit maximization in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Profit Maximization.
Available since: 02/04/2024.
Print length: 265 pages.

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