profit maximization
21Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …
22Corporation — This article is about business corporations. For other uses, see Corporation (disambiguation). Corporate redirects here. For the Bollywood film, see Corporate (film). A corporation is created under the laws of a state as a separate legal entity… …
23Marginal revenue — Typical marginal revenue and average revenue (price) curves for a firm that is not in perfect competition In microeconomics, marginal revenue (MR) is the extra revenue that an additional unit of product will bring. It is the additional income… …
24Perfect competition — Economics …
25Welfare economics — Economics …
26Steve Keen — (* 28. März 1953) ist außerordentlicher Professor für Volkswirtschaftslehre an der University of Western Sydney. Er ist ein Kritiker der neoklassischen Theorie, aber auch des Marxismus. Beiden Gesellschaftstheorien wirft er Inkonsistenz,… …
27Comparative statics — In this graph, comparative statics shows an increase in demand causing a rise in price and quantity. Comparing two equilibrium states, comparative statics doesn t describe how the increases actually occur. In economics, comparative statics is the …
28Outline of economics — The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.… …
29Essays in Positive Economics — Milton Friedman s book Essays in Positive Economics (1953) is a collection of earlier articles by the author with as its lead an original essay The Methodology of Positive Economics, on which this article focuses. Contents 1 The Methodology of… …
30Theory Of The Firm — A microeconomic concept founded in neoclassical economics that states that firms (corporations) exist and make decisions in order to maximize profits. Businesses interact with the market to determine pricing and demand and then allocate resources …
