Hiring the appropriate number of employees to sustain productivity and maximize profits is a tricky endeavor for any business owner. Even in ideal of circumstances, securing a high profit with high ...

Businesses of all sizes, including small businesses, need to have a firm grasp on the concepts of marginal revenue and break-even point. Without this knowledge, businesses are left floundering when it ...

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 ...

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 ...

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.