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2. Profit maximization - Wikipedia

   en.wikipedia.org/wiki/Profit_maximization

   Profit maximization using the total revenue and total cost curves of a perfect competitor. To obtain the profit maximizing output quantity, we start by recognizing that profit is equal to total revenue minus total cost (). Given a table of costs and revenues at each quantity, we can either compute equations or plot the data directly on a graph.

3. Satisficing - Wikipedia

   en.wikipedia.org/wiki/Satisficing

   Heuristic satisficing refers to the use of aspiration levels when choosing from different paths of action. By this account, decision-makers select the first option that meets a given need or select the option that seems to address most needs rather than the "optimal" solution. The basic model of aspiration-level adaptation is as follows: [10]

4. A Behavioral Theory of the Firm - Wikipedia

   en.wikipedia.org/wiki/A_Behavioral_Theory_of_the...

   The behavioral theory of the firm first appeared in the 1963 book A Behavioral Theory of the Firm by Richard M. Cyert and James G. March. [1] The work on the behavioral theory started in 1952 when March, a political scientist, joined Carnegie Mellon University, where Cyert was an economist.

5. Microsoft's profit slips as Windows sales slide - AOL

   www.aol.com/news/2009-07-23-microsofts-profit...

   Businesses and consumers alike are buying fewer new computers, and that's hurting profit at Microsoft (MSFT), the company said today. Net income in the world's biggest software maker's most recent ...

6. Multi-objective optimization - Wikipedia

   en.wikipedia.org/wiki/Multi-objective_optimization

   Multi-objective optimization or Pareto optimization (also known as multi-objective programming, vector optimization, multicriteria optimization, or multiattribute optimization) is an area of multiple-criteria decision making that is concerned with mathematical optimization problems involving more than one objective function to be optimized simultaneously.

7. Monopolistic competition - Wikipedia

   en.wikipedia.org/wiki/Monopolistic_competition

   The company maximises its profits and produces a quantity where the company's marginal revenue (MR) is equal to its marginal cost (MC). The company is able to collect a price based on the average revenue (AR) curve. The difference between the company's average revenue and average cost, multiplied by the quantity sold (Qs), gives the total profit.

8. Enshittification - Wikipedia

   en.wikipedia.org/wiki/Enshittification

   Enshittification, also known as crapification and platform decay, is the term used to describe the pattern in which online products and services decline in quality over time.

9. Utility maximization problem - Wikipedia

   en.wikipedia.org/wiki/Utility_maximization_problem

   Examples of alternatives to utility maximisation due to bounded rationality are; satisficing, elimination by aspects and the mental accounting heuristic. The satisficing heuristic is when a consumer defines an aspiration level and looks until they find an option that satisfies this, they will deem this option good enough and stop looking. [7]