Calculation of the optimal volume of production and maximum profit of the enterprise by mathematical method
Abstract
In order to manage a monopoly enterprise effectively, it is necessary to know the optimal number of products to be produced and at what price they to be sold. If the price set by the monopolist is too high, the demand for such products will be low. And if the volume of production for some reason will be greater than optimal, the monopolist, in order to sell all products on time, and to avoid surplus, will have to reduce the price of goods. Moreover, the company's profit will increase due to increased sales (income) and at the same time decrease due to falling prices (costs).
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