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