, Cost minimization is under production and invest a certain price conditions, how to select inputs to minimize costs. Profit maximization is at a given input prices and capital investment, choice of production to maximize profits.
Cost minimization is how to choose input to minimize cost under certain conditions of output and input price. Profit maximization is the choice of production to maximize profit spree given the price of inputs and the amount of money invested.
Cost minimization is how to choose the input to minimize the cost under the condition of certain output and input price. Profit maximization is to choose production to maximize profit under the condition of fixed input price and investment fund.<br>