When a small business is first getting started, its goal may appear relatively straight forward: to make as much money as possible for its owners. But for a business to be successful long term, a new ...

Do not confuse profit maximization with revenue maximization. The term "revenue" is used to describe all money that a business receives, while profit refers to the net money that a business earns ...

The profit maximization problem is used as an example. The Comparative Statics Wizard is extremely flexible -- any problem solved by Excel's Solver can be run through the Wizard to get comparative ...

Subhash C. Ray, Shadow profit maximization and a measure of overall inefficiency, Journal of Productivity Analysis, Vol. 27, No. 3 (JUNE 2007), pp. 231-236 ...