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A monopolist can never price in the inelastic range of a demand curve or can it?

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Analysis of a production order quantity model with declining unit cost

Raehsler, Rod D.; Zhao, Yifan; Yang, Chin-wei; Sohng, … - In: Advances in management & applied economics 2 (2012) 2, pp. 179-189

This paper improves upon the existing literature surrounding the production order quantity inventory model in which unit cost and daily production are assumed to be constant. By including economies of scale into the model, we examine its impact on production order quantity and total cost. The...

Persistent link: https://www.econbiz.de/10009568770