User Account

All Pages

Are the alternative theories competing theory of the firm

Assignment Help Microeconomics
Reference no: EM131017361

According to Salvatore (2012, p. 14) "The theory of the firm, which postulates that the goal or objective of the firm is to maximize wealth or the value of the firm, has been criticized as being much too narrow and unrealistic." Comment on this criticism and evaluate the alternatives. Do these alternative theories explain the objective of the firm better relative to the theory of the firm? Why? Are the alternative theories competing or complementing the theory of the firm? How?

Reference no: EM131017361

Questions Cloud

The case that is considered to be the textbook : The case that is considered to be the "textbook" way to handle a crisis and an excellent example of corporate social responsibility is the Johnson and Johnson Tylenol Crisis.
Explain the probable outcome of this game : Explain why this would be described as a Prisoner's Dilemma game. Explain the probable outcome of this game.
Auerbach enterprises manufactures air conditioners : Auerbach Enterprises manufactures air conditioners for automobiles and trucks manufactured throughout North America.
Estimate a manufacturing overhead cost formula : Using the high- low method, estimate a manufacturing overhead cost formula. Prepare a scattergraph using all of the data for the two- year period.
Are the alternative theories competing theory of the firm : According to Salvatore (2012, p. 14) "The theory of the firm, which postulates that the goal or objective of the firm is to maximize wealth or the value of the firm, has been criticized as being much too narrow and unrealistic." Comment on this cr..
List the probability value for each given possibility : List the probability value for each possibility in the binomial experiment that was calculated with the probability of a success being ½.
Why is it important to consider holistic view of a student : Why is it important to consider the holistic view of a student in terms of standardized assessment? How would the results of your interpretation influence educational decisions for the student?
Use the swot analysis to discuss and evaluate : Write a 2-3 page paper on branding yourself.  Use the SWOT analysis to discuss and evaluate your characteristics. Think about not only how you see yourself, think about how others perceive you at home, at work or at social events.
How improve a firm aggregate planning : How could an industrial engineer help improve a firm's aggregate planning? Discuss your answer in up to two page

Reviews

Write a Review

Microeconomics Questions & Answers

  Discuss the economy by giving an historical overview

Discuss the economy by giving an historical overview of the three major revolutions that have taken place. How did each of the three revolutions change the lives of the people?

  The government provides a safety net for banks

Describe the ways in which the government provides a safety net for banks. How has that safety net evolved over time?What four main factors determine whether a bank merger or acquisition will be allowed?

  Breakeven level-degree of operating leverage

Tetrangle Manufacturing has fixed costs of $2,160 per day. The firm manufactures bicycle component upgrade kits. What is the breakeven level of daily output for the firm?

  Show the t-account changes

How does your deposit change the Bank's T-account? Show the T-account changes - Why do some economists claim that we should not worry too much about inflation at this level?

  Perfectly competitive market economy

Marginal productivity theory implies that in a perfectly competitive market economy - chooses its profit-maximizing quantity of capital by

  Computing short run supply functions for firm-market

Derive the firm's supply curve, expressing quantity as a function of price. Determine the market supply curve if North Carolina Textiles is one of 1,000 competitors. Compute market supply per day at a market price of $47 per unit.

  Fine company resources, capabilities, and core competencies

Assess the external threats affecting this corporation and the opportunities available to the corporation. Give your opinions on how the corporation should deal with the most serious threat and the greatest opportunity. Justify your answer.

  For most firms today success or failure is determined by

for most firms today success or failure is determined by the ability to find attract keep develop and tap into the most

  Draw the indifference curves for preferences

Chris eats one hamburger and washes it down with one beer. He will not consume an additional unit of one item without an additional unit of the other.

  Explain why the supply curve has positive slope

Explain by using an appropriate diagram why the profit maximization condition for a firm is "marginal revenue equals marginal cost"

  Give favor to the involvement of the wto

there are also more than 475 bilateral and regional trade blocs, including the North American Free Trade Agreement and the European Union, which provide special trade preferences to member nations.

  Evaluate the second partners advice not to move downtown

One of the partners favors moving downtown because she believes the aditioanl business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move. The other partner at PBS opposes moving downtow..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd