The Determination of a Company Production under the Conditions of Minimizing the Production Costs, but Also Profit Maximization
Keywords:
production function; Cobb-Douglas; profitAbstract
The paper deals with the problem of determining the production of a company under the conditions
in which it wants both the minimization of the production costs and the maximization of the profit.
References
Chiang, A. C. (1984). Fundamental Methods of Mathematical Economics. McGraw-Hill Inc.
Harrison, M. & Waldron, P. (2011). Mathematics for Economics and Finance. Routledge.
Ioan, C.A. & Ioan, G. (2011). The Extreme of a Function Subject to Restraint Conditions. Acta Oeconomica Danubius, 7, 3,
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Ioan, C. A. & Ioan, G. (2012). On the General Theory of Production Functions. Acta Universitatis Danubius, Oeconomica.
Nr.5, Vol.8, ISSN 2065-0175, pp.223-236.
Simon, C. P. & Blume, L. E. (2010). Mathematics for Economists. W. W. Norton & Company.
Stancu, S. (2006). Microeconomics. Bucharest: Ed. Economica.
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