Purchase Solution

Profit Maximization Rule and its Economic Implications

Not what you're looking for?

Ask Custom Question

Can you help me get started with this assignment?

How does the firm choose the optimal price and the optimal production level so as to maximize its profits?
What is the economic implication behind the rule?

Purchase this Solution

Solution Summary

The response addresses the queries regarding the profit maximization and its economic implications posted in 287 words, APA references.

Solution Preview

Profit Maximization Rule and its Economic Implications

Profit Maximization

In the competitive business environment, the business concerns have to focus on attaining profits and increasing the shareholder base. The main goal of business organizations is to maximize their profits. The decisions making of the organization regarding the management of the prices, production level and operations in the market have a great influence on the profitability of the organization. The organization can effectively develop a combination of the price and ...

Solution provided by:
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution

Free BrainMass Quizzes

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.


This tests some key elements of major motivation theories.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.