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Documents © BMA Inc. 2009. All rights reserved. Value Stream Cost & Capacity Exercises Lean Accounting for...

Slide 1© BMA Inc. 2009. All rights reserved. Value Stream Cost & Capacity Exercises Lean Accounting for the Lean Enterprise © 2009 BMA Inc. All rights reserved. 20090224rev…

Business Profit maximization by firms

1. Profit maximization by firms ECO61 Muhammad Farhan Javed 2. Revenues and costs • A firm’s costs (C) were discussed in the previous chapter • A firm’s revenue is…