Izmir University of Economics, Mathematics, Izmir, Turkey alican.akca@std.ieu.edu.tr
Izmir University of Economics, Mathematics, Izmir, Turkey can.ture@std.ieu.edu.tr
This paper delves into the fundamental concepts of Pareto optimality and tradeoff curves, elucidating their significance in the realm of economics, particularly in resource allocation and decision-making processes using utilization functions and optimization techniques to address a multifaceted problem involving revenue maximization, expense minimization, and pollution reduction within budget constraints.