Chapter 6: “What Do Firms Try to Maximize‚ if Anything?” Introduction Do firms really maximize profit? This question has been under debate since the 1940s and 1950s‚ when a wide number of mainstream neoclassical economists defended the assumption against a group of institutional economists that questioned the assumption as the norm in the industry. On the side of the neoclassical economists were Fritz Machlup and Milton Friedman‚ with institutional economists Richard A. Lester and Garnder C
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Kennedy’s Inaugural Address‚ he provided what is quite possibly one of his most famous quotes: "My fellow Americans‚ ask not what your country can do for you -- ask what can you do for your country." This was followed up by‚ "My fellow citizens of the world‚ ask not what America will do for you‚ but what together we can do for the freedom of man." Exactly 44 years after Kennedy’s Inaugural address‚ it might be worthwhile to revisit the implications of this statement. Can it be said that it is quite
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"Why Do You Think They’re Called For-Profit Colleges?" Kevin Carey believes that for-profit colleges are a fraud. He believes that for-profit colleges are abusing the student loan program by by charging outrageous rates to their Students and making them take out huge amounts of money; therefore‚ putting the student in debt. He also claims that students who goes to a for-profit college are only getting a worthless degree out of it. Despite all of that he also makes another claim that for-profit colleges
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3. List the countries/regions the Vikings had contact with.------The Vikings‚ mainly had contact with the Danes and the Norwegians‚ shot around the Northern Hemisphere‚ plundering vast swaths of territory with the rapacity of a Genghis Khan. The Norsemen raided throughout the British Isles and the Frankish empire‚ and even attacked North Africa. 4. What other reasons do you think the Vikings may have wanted to conquer? ----So they can settle down for once‚ instead of constantly
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In order to consider “I exist because I think” or ”I think because I exist”‚ I would define the “I exist because I think” as “I think” is the cause of “I exist”. This implies “I think” appear before “I exist” and cause “I exist” to happen. In the other side‚ “I think because I exist” would be “I exist” is the cause of “I think”. This implies “I exist” appear before “I think” and cause “I think” to happen. In terms of logic‚ I would say “I think because I exist “ is more appropriate. It is because
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irrelevant to the needs of business today”. To what extent do you agree with this statement? In the 1070s American marketers and academics were confident marketing would become the “master” business function and dominate the thinking of corporation (Macallister‚ 2012). However‚ since 1990s marketing has become decreasingly relevant for increasingly businesses. Due to the inadequate conception of marketing‚ marketing failed in the role of organization‚ and customers generally have a negative opinion of
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accurately - any one can play accurately - but I play with wonderful expression.". However‚ The Importance of Being Earnest has other types of comedy‚ such as‚ comedy of humours and farce. Comedy of humours focuses on a character of range of characters‚ who have an over riding trait or humour that dominates their personality. For example‚ Algernon’s greed. Farce is a dramatic comedy that creates humour through a series of ludicrous events taking place in rapid succession. For example‚ Cecily andGwendolyn fighting
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kilogram is a platinum-iridium cylinder 39.0 mm in height and 39.0 mm in diameter. What is the density of the material? 2. Two spheres are cut from a certain uniform rock. One has radius 4.50 cm. The mass of the other is five times greater. Find its radius. 3. Calculate the mass of an atom of (a) helium‚ (b) iron‚ and (c) lead. Give your answers in grams. The atomic masses of these atoms are 4.00 u‚ 55.9 u‚ and 207 u‚ respectively. 4. The position of a particle moving under uniform acceleration
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‘Developed and developing country experiences of urbanisation are broadly the same’ to what extent do you agree with this statement? (40) Urbanisation is the process by which the proportion of people living in cites and towns rises in comparison to rural areas. Urbanisation in London‚ England‚ as a developed which was at that time developing country and city‚ started around the 1760s continuing through to the 19th century‚ by which time 80% of the population was urban dwellers‚ sparked by the industrial
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Ann Barton said “Lovelorn Orsino is not a figure of fun. The verse he speaks at the beginning of the play is seductively beautiful: intense‚ metaphoric and imaginative” To what extent do you agree with this view of the presentation of the character of Orsino? The presentation of Duke Orsino emphasises the dominant theme of love in Twelfth Night. He can be interpreted in different ways. There is debate as to whether Orsino represents the beauty and truth of love as a heroic lover‚ or as a stock
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