ABSTRACT
In the previous five chapters, the focus was primarily on the manager or entrepreneur and the assertion that they maximize profits. This assertion was used to develop the Architectural Plan for Profit given in Figure 6.1 and the economic model of profit maximization given in equation (6.1). https://www.w3.org/1998/Math/MathML"> M a x Π = T R − T C = P · Q ( x 1 , x 2 , … , x j ) − T V C − T F C = P · Q ( • ) − ∑ j w j · x j − T F C https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9780203808023/4aa5285c-59e0-466a-aaae-5f73f51e9157/content/math_61_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/>
