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Managerial Economics

Managerial Economics. Dominick Salvatore & Ravikesh Srivastava. Principles and Worldwide Applications, 7th Edition. Chapter 2: Optimization Techniques and New Management Tools. Optimization Techniques. Methods for maximizing or minimizing an objective function Examples

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636 views • 50 slides

Optimization Techniques

1. Optimization Techniques. Methods for maximizing or minimizing an objective function Examples Consumers maximize utility by purchasing an optimal combination of goods Firms maximize profit by producing and selling an optimal quantity of goods

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833 views • 49 slides

Optimization Techniques

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548 views • 49 slides

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Dq 45 - PowerPoint PPT Presentation

Managerial Economics

Optimization Techniques

Optimization Techniques