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picture1_Production Pdf 193427 | Indecs2017 Pp1 15


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File: Production Pdf 193427 | Indecs2017 Pp1 15
Interdisciplinary Description of Complex Systems 15(1), 1-15, 2017 SHORT RUN PROFIT MAXIMIZATION IN A CONVEX ANALYSIS FRAMEWORK Ilko Vranki and Mira Krpan* University of Zagreb – Faculty of Economics and ...

icon picture PDF Filetype PDF | Posted on 06 Feb 2023 | 1 year ago

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...Interdisciplinary description of complex systems short run profit maximization in a convex analysis framework ilko vranki and mira krpan university zagreb faculty economics business croatia doi indecs received november regular article accepted february abstract this we analyse the problem goal is to apply results due unique structure microeconomic phenomena on known where from are deductively applied primal optimization model technology represented by production function normalized which expresses output units derived approach choice variable labour quantity alternatively real cost costs expressed time expressing emphasis these two perspectives given first order necessary conditions both models consequence enveloping closed set describing with its tangents dual includes starting recovering perspective wage second it product price shown that change variables into parameters leads give same system demand supply functions their inverses applying comparative statics firm s behaviour key wo...
								

							

						
	
												
				
					
					
					
			
					
				
				
		
	

	
		





	

	
				

						

						
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										Category:  Uncategorized / Uncategorized 
										
Posted on: 06 Feb 2023 | 1 year ago
										
										
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