profit maximization
collocation in Englishmeaningsofprofitandmaximization
These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withprofit.
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 ...
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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 ...
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(Definition ofprofitandmaximizationfrom theCambridge English Dictionary© Cambridge University Press)
Examplesofprofit maximization
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.
Profitmaximizationranked very low in the early and mid group, while it was mentioned more frequently among the late entrants.
From theCambridge English Corpus
We first solve the staticprofitmaximizationproblem of producers.
From theCambridge English Corpus
In order to maintain simplicity, we used a simpleprofitmaximizationfunction as the objective for each of the agent groups.
From theCambridge English Corpus
Neo-classical theory's emphasis on stable preferences andprofitmaximizationinvites other scholars to criticize it as an unrealistic, simplified version of the world.
From theCambridge English Corpus
A necessary condition forprofitmaximizationby a firm is that, for any given level of output, firms minimize the cost of production.
From theCambridge English Corpus
Profitmaximizationimplies that, in equilibrium, the real wage will be constant and equal to 1.
From theCambridge English Corpus
There are considerable concerns about the assumption ofprofitmaximizationunderlying this model.
From theCambridge English Corpus
Profitmaximizationis implied if the value of marginal product of each variable input is equal to its price.
From theCambridge English Corpus
Since both types of firms are driven byprofitmaximizationmotives, there is no clear boundary between the two.
From theCambridge English Corpus
Therefore, we conceptualize the householdprofitmaximizationbehaviour as the basis for our analysis.
From theCambridge English Corpus
In terms ofprofitmaximization, the firms tried to alter their product-mix in order to get the best average value on their total production.
From theCambridge English Corpus
The primary focus onprofitmaximization, however, overlooks many nonprofit objectives involved in resource allocation and social preferences beyond greed.
From theCambridge English Corpus
A strict focus onprofitmaximizationand own-utility maximization does not always suffice to explain individual's behavior in non-market or public good settings.
From theCambridge English Corpus
Traditional economic analysis assumes resources are organized around the principal ofprofitmaximizationwith individual ownership of capital.
From theCambridge English Corpus
It means that product choice and input use decisions are based on the principles ofprofitmaximization.
From theCambridge English Corpus
And it is demanded by the scientific management,profitmaximization, and accumulation that transformed the life-world during the second industrial revolution.
From theCambridge English Corpus
Profitmaximizationis the main concern for landowners and managers.
From theCambridge English Corpus
Given these conditions, the framework of utility maximization is more complete than that ofprofitmaximization.
From theCambridge English Corpus
Given the production technology and emission generation, firms in the final goods sector solve aprofitmaximizationproblem.
From theCambridge English Corpus
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.
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