Alternatives and Supplements: Fun on the Internet
Back to Overview
Back to Table of Contents

Maximizing Profits

Profit

Economist Lester Thurow writes about profit for The Concise Encyclopedia of Economics:
www.econlib.org/LIBRARY/Enc/Profits.html

Survival

One of the reasons that firms might not actually maximize profit is something called the principal-agent problem, which is explained in this piece from a publication from India:
www.blonnet.com/iw/2003/12/14/stories/2003121400061100.htm

Searching for Total Cost

(I have not yet found an appropriate entry for this topic.)

Profit-Maximizing Output

Arnold Kling explains profit maximization in his class notes:
arnoldkling.com/econ/markets/producer.html

Profit-Maximizing Input

Roger McCain, author of the on-line economics textbook Essential Principles of Economics: A Hypermedia Text, explains the profit-maximizing amount of labor:
william-king.www.drexel.edu/top/prin/txt/MPCh/firm7b.html

Profit in Real Firms

Here is an entry from what may be the best economics blog there is. It raises more questions than it answers.
www.marginalrevolution.com/marginalrevolution/2007/03/does_marginal_c.html

Application of the Theory

Sweatshops are terrible, but should they be abolished? Economists say that you need to consider the alternatives before you answer that question. Opportunity costs should not be ignored.
www.slate.com/id/1918/
www.econlib.org/library/Columns/y2008/Powellsweatshops.html

 
These links were checked on July 5, 2008.

Back to Overview
Copyright Robert Schenk

Why is this page here?