On a geometric programming approach to profit maximization: the case of CES technology

Vedran Kojić ()
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Vedran Kojić: Faculty of Economics and Business, University of Zagreb

No 2105, EFZG Working Papers Series from Faculty of Economics and Business, University of Zagreb

Abstract: In this note, we give a generalization of the results for the profit maximization problem in the case of the Cobb-Douglas production function presented by Liu in [Appl. Math. Comput. 182 (2006), 1093-1097]. By using geometric programming, we solve a profit maximization problem in the case of the CES production function and show how the results obtained by Liu can be derived from our results.

Keywords: profit maximization; Cobb-Douglas technology; CES technology; geometric programming (search for similar items in EconPapers)
JEL-codes: C60 C65 D21 D24 (search for similar items in EconPapers)
Pages: 10
Date: 2021-03-26
New Economics Papers: this item is included in nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:zag:wpaper:2105

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