What Is the Profit Maximizing Amount of Labor to Hire?. Hiring the appropriate number of employees to sustain productivity and maximize profits is a tricky endeavor for any business owner. Even in ...

Profit-maximizing firms seek to produce the quantity at which marginal revenue is equal to marginal cost.

Journal of Productivity Analysis, Vol. 27, No. 3 (JUNE 2007), pp. 231-236 (6 pages) Determining the profit maximizing input-output bundle of a firm requires data on prices. This paper shows how ...

Every company aims to maximize profit. Yet, in the frenzy of everyday work, it is not uncommon for "urgent" issues to supplant "important" ones, thereby shifting the focus of marketing professionals.

A monopolist may earn greater profits by setting a nonuniform price schedule (one in which the price varies with the quantity purchased) than by charging a uniform price. In general, the profit ...