The logic is also inherently differential as every capitalist strives to accumulate greater earnings than their competitors (but not profit maximization).
If the firm decides to operate it will produce where marginal revenue equals marginal costs because these conditions insure profit maximization (or equivalently, when profit is negative, loss minimization).
Firms may achieve profit maximization by increasing their production until their marginal revenue equals their marginal cost and then charging a price determined by the demand curve.
The privatization model is based on profit maximization, meaning that more detainees result in more money for the private companies contracted to operate these facilities.
The firm decides what amount of the total output to sell in each market by looking at the intersection of marginal cost with marginal revenue (profit maximization).
The interval scheduling problem can be viewed as a profit maximization problem, where the number of intervals in the mutually compatible subset is the profit.
