| 词汇 | example_english_profit-maximization |
| 释义 | profit maximizationcollocation in Englishmeanings of profitand maximizationThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with profit. profit noun uk /ˈprɒf.ɪt/ us /ˈprɑː.fɪt/ money that is earned in trade or business after paying the costs of producing and selling goods ... See more at profit maximization noun[U] uk /ˌmæk.sɪ.maɪˈzeɪ.ʃən/ us /ˌmæk.sə.məˈzeɪ.ʃən/ the process of making something as great in amount, size, or importance ... See more at maximization Examples of profit maximizationThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Profitmaximization ranked very low in the early and mid group, while it was mentioned more frequently among the late entrants. We first solve the static profitmaximization problem of producers. In order to maintain simplicity, we used a simple profitmaximization function as the objective for each of the agent groups. Neo-classical theory's emphasis on stable preferences and profitmaximization invites other scholars to criticize it as an unrealistic, simplified version of the world. A necessary condition for profitmaximization by a firm is that, for any given level of output, firms minimize the cost of production. Profitmaximization implies that, in equilibrium, the real wage will be constant and equal to 1. There are considerable concerns about the assumption of profitmaximization underlying this model. Profitmaximization is implied if the value of marginal product of each variable input is equal to its price. Since both types of firms are driven by profitmaximization motives, there is no clear boundary between the two. Therefore, we conceptualize the household profitmaximization behaviour as the basis for our analysis. In terms of profitmaximization, the firms tried to alter their product-mix in order to get the best average value on their total production. The primary focus on profitmaximization, however, overlooks many nonprofit objectives involved in resource allocation and social preferences beyond greed. A strict focus on profitmaximization and own-utility maximization does not always suffice to explain individual's behavior in non-market or public good settings. Traditional economic analysis assumes resources are organized around the principal of profitmaximization with individual ownership of capital. It means that product choice and input use decisions are based on the principles of profitmaximization. And it is demanded by the scientific management, profitmaximization, and accumulation that transformed the life-world during the second industrial revolution. Profitmaximization is the main concern for landowners and managers. Given these conditions, the framework of utility maximization is more complete than that of profitmaximization. Given the production technology and emission generation, firms in the final goods sector solve a profitmaximization problem. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of profit Go to the definition of maximization See other collocations with profit |
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