Optimizing Models of After-Tax Earnings Incorporating Depletion Allowances

Daniel Teichroew, William Lesso, Kevin Rice and Gordon Wright

Journal of Financial and Quantitative Analysis, 1967, vol. 2, issue 3, 265-297

Abstract: A firm which produces a single product, whose production cost is a linear function of the production level and where net price per unit is constant, has a Pre-Tax Earnings function which is a linear function of the production level (see Figure I).

Date: 1967
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