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The theory predicts that upon entering trade, in order to maximize consumption both entities will specialize in producing the good they can produce at higher efficiency, that the weaker entity will specialize more completely than the stronger entity, and that both will be able to consume more goods as a result of trade than either would be able to alone.
One possible choice, of course, is to maximize consumption for given availability of factors.
Many contemporary societies maximize consumption for immediate or short-term benefits to livelihood, often at a rate that jeopardizes long-term benefits and sustainability.
The 10% BB dose was chosen in order to maximize consumption of anthocyanins and without significantly affecting food consumption when compared to the control diet.
To maximize consumption, stay away from spicy.
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Households, for example, were long seen simply as entities intent only on maximizing consumption, but Mr. Becker saw them as small factories that also produce valuable, though nonmarketable, basics of life, like leisure and sleeping.
This decision contrasts with the common practice in economic optimization models of maximizing consumption (or 'utility'utility
Therefore, it is necessary to calculate the consumer surplus maximizing consumption on each tariff segment before one can then choose the segment that generates the higher overall consumer surplus (cf. Hausmann 1985, p. 1256).
This happens more than you might think and always conveys the idea of the hard sell, of a restaurant pushing the profit-making wine and beverage program in an effort to maximize your consumption and their bottom line.
The optimization models maximize energy consumption at off-peak times and thus minimize energy costs.
In standard overlapping generations models, this is designated as the Golden Rule, and the government would calculate a tax system that leads the static capital per capita to maximize total consumption in that static state.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com