This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the … neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on … the application of the theory to specific problems that the firm faces when making production decisions to maximise …

Preface -- 1 Introduction -- 2 Decision Theory Elements -- 3 Utility Function -- 4 State-Contingent Outcome and …

This book covers the basic theory of how, what and when firms should produce to maximise profits. Based on the … neoclassical theory of the firm presented in most general microeconomic textbooks, it extends the general treatment and focuses on … the application of the theory to specific problems that the firm faces when making production decisions to maximise …