It is the marginal private cost that is used by business decision makers in their profit maximization goals.
12.
Profit maximization means that the derivative of \ pi with respect to Q is set equal to 0.
13.
Unless they see a direct relationship between profit maximization and doing the right thing, they will not be persuaded.
14.
However, when firms expand to pursue goals other than profit maximization the benefits of these transactions may be lost.
15.
GEOs are the latest development in the drive to produce higher yields with less inputs, according to the profit maximization model.
16.
Before this model was formed, the existing theory of the firm had two main assumptions : profit maximization and perfect knowledge.
17.
"Corporate capital intensive operations and profit maximization practices, more than environmental laws, are costing timber-related jobs, " the draft letter reads.
18.
Looking at some of these elements also makes it clear that short term profit maximization does not necessarily increase shareholder value.
19.
:Thus the profit maximization model predicts something about the effect of taxation on output, namely that output decreases with increased taxation.
20.
The logic is also inherently differential as every capitalist strives to accumulate greater earnings than their competitors ( but not profit maximization ).
