Economic principle on profit in the fuzzy sense (Q1595199)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Economic principle on profit in the fuzzy sense |
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Economic principle on profit in the fuzzy sense (English)
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16 December 2001
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The (crisp) economic principle on profit states that for a monopolist, the profit is maximal when the marginal revenue equals the marginal cost. This paper studies the analogous question for the case where demand and cost are linear or quadratic with fuzzy coefficients. The results are extensions of the crisp case, and the two settings are compared.
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fuzzy
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economic
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profit
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demand
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coefficients
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marginal revenue
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marginal cost
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