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
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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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