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999			_c167244 _d167244
005			20220519220904.0
008			200208s9999 xx 000 0 und d
020			_a8170172748
082			_a338.516 MUK
100			_a"Mukherjee, Amitabha"
245		0	_aTowards a non - static theory of profit maximization
260			_aNew Delhi
260			_bAbhinav Pub.
260			_c1990
300			_a246p.
520			_a This book is an exercise in pure theory at the micro-level. Abandoning the traditional concept of profit, as being the residual difference between reve nue and cost, the book examines in detail new concepts of profit and attempts at determining the behaviour of firms (where management and ownership is separated) in terms of these new profit concepts. The entire gamut of the theories of the firm and the theories of pricing and output determination under different market conditions is examined, to establish how conventional ana lysis leaves no room for firm's growth, as the surplus generated by a firm exhausts itself in returns to factor inputs. A general theory of profit is then presented and the relationship between profit and other variables, notably growth is examined, within a firm. An attempt is made to resolve the conflict that may arise in the managerial objectives and the objec tives of the firms (in the long-run) where ownership is separate from management.
650			_aBusiness behaviour
942			_cDB _2ddc