Objectives of a Firm. Maximisation of Profits Maximisation of profits ( Milton Friedman) Most common and theoretically easy Profits indispensable for. - ppt download

Objectives of a Firm. Maximisation of Profits Maximisation of profits ( Milton Friedman) Most common and theoretically easy Profits indispensable for. - ppt download: Maximisation of Profits Golden Rule of Profit Maximization Profit = TR – TC Profit maximizing output is at the point where the gap between TR and TC is maximum