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 …

This book sheds new light on long-established concepts of microeconomic production theory and combines general … theoretical analysis with references to management tools. It deals with concepts of microeconomic production theory, using the …This book deals with concepts of microeconomic production theory, using the fund-flow model of Nicholas Georgescu …