Theory of production : Input – Output relation Production : 1. Transformation of inputs into output. 2. Creation of Utility – Time, Place, Form Utility.
Competitive firms and Markets Perloff chapter 8. Competition Firms are price takers. –Firms demand curve is horizontal. Reasons for a horizontal demand.
Prof. Ian Giddy New York University Increasing Value via Mergers & Acquisitions.
Profit Maximization Profits The objectives of the firm Fixed and variable factors Profit maximization in the short and in the long run Returns to scale.
International Investing Prof. Ian Giddy New York University.
Ch. 6: Economies of Scale, Imperfect Competition, and International Trade
