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Theory of production : Input – Output relation Production : 1. Transformation of inputs into output. 2. Creation of Utility – Time, Place, Form Utility
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Competitive firms and Markets Perloff chapter 8. Competition Firms are price takers. –Firms demand curve is horizontal. Reasons for a horizontal demand
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Prof. Ian Giddy New York University Increasing Value via Mergers & Acquisitions
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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
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International Investing Prof. Ian Giddy New York University
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Ch. 6: Economies of Scale, Imperfect Competition, and International Trade
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