Constrained Maximization in Managerial EconomicsSOLUTION: Maximization is an economic theory, which refers to individuals or companies obtaining the maximum amount from the resources they have at their disposal.[KOTACK,2005] Constrained maximization is a term in economics used to refer to and concern restrictions imposed on the availability of resources and other requirements. ( ) attempts to explain using prescribed forumlae such as the Langarian method how companies can solve problems related to constrained maximization. In this context, however, we are more interested in profit maximization in businesses, we are interested in the constraints placed on managers that limit their options when making decisions. For example, in for-profit organizations the primary goal is to make profits, so they make an effort to explain what companies must deal with to achieve their goals. In this context, profit maximization is the process through which a company determines the price and level of production that returns the greatest profit, and in doing so the company can have constraints on the budget, on human resources, on inputs in terms of raw materials, capital expenditure, etc. Constrained maximization shows the relationship between inputs like the ones mentioned and how they ultimately affect the output. In solving any constrained maximization problem the goal is to see how other variables can be manipulated to achieve maximum performance. To do this, managerial economists use the constraint equation for one of the decision variables, then substitute that variable into the objective function. a typical example of constrained maximization can be shown by examining a study conducted by MT Maloney on beekeeper Steve Cheung to analyze the bee keeping problem as an integrated effort to explain constrained maximization. Farmers sometimes paid and sometimes received compensation depending on the marginal value of their pollination services compared to the value of the honey harvested. For example, a farmer uses bees to pollinate apple trees and produce honey from nectar. the farmers' products are apples and honey. Assuming there is a trade-off between the two results, namely that the nectar collected from apple trees does not produce as much honey as that found elsewhere. When the farmer is interested in apple pollination, he places the hives near the apple trees.