Resource title

Sales versus Profit Maximisation: Introduction

Resource image

image for OpenScout resource :: Sales versus Profit Maximisation: Introduction

Resource description

The objective of this simulation is to illustrate how the output and price decisions of a firm in an imperfect market would differ under different objectives. This involves the comparison of profit maximisation with sales maximisation. Supplementary information as well as sample questions are included.

Resource author

biz/ed .

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.bized.co.uk/virtual/vla/baumol_sales/index.htm

Resource license

unknown