PRICING AND EQUILIBRIUM CONDITIONS FOR THE MARKET OF PRODUCTION FACTORS IN THE PERFECT COMPETITION
PRICING AND EQUILIBRIUM CONDITIONS FOR THE MARKET OF PRODUCTION FACTORS IN THE PERFECT COMPETITION
Author(s): Gabriela Sandu, Viorica StanSubject(s): Economy
Published by: Editura Eurostampa
Keywords: marginal productivity; marginal cost; marginal revenue; maximum profit
Summary/Abstract: Every producer has at one time, or in a short perspective, a certain volume of financial resources, and depending on production that seeks to obtain and the prices of factors of production required, it will be done combining these components its financial-economic activity to achieve the objective of maximizing profits, and reflects best use of its resources.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVII/2011
- Issue No: 17
- Page Range: 274-276
- Page Count: 3
- Language: English