## Application of Linear Programming to the Theory of the Firm |

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### Contents

Two Approaches to the Theory of the Firm | 1 |

The Competitive Firm Using Fixed Factors | 23 |

Production Scheduling for Monopolized Products | 53 |

2 other sections not shown

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### Common terms and phrases

applied assumed assumption available processes available supply Average cost basic solution chapter column vector competitive components computation concept consider consumed consumption decisions defined denote derivatives disposal processes duction dynamic economic elements entrepreneur equation equipment equivalent combination expressed factors of production finite number firm fixed factors fixed resources formal ginal gross revenue homogeneous increase industries inequality inputs and outputs isoquant jth process Koopmans level of operation limited factor linear programming linearly dependent marginal analysis marginal cost marginal product marginal revenue mathematical matrix maximize maximum profit method monopolist monopsony Neumann number of processes obtained optimal optimum production plan optimum program positive levels possible postulate price vector procedure process points production function production program productive processes quadratic programming quantities radius vector ratios require result satisfied Selection simplex criterion technique theorem theory tion tive unit level units of Factor variable variations zero