Reference no: EM13958038

When the employees of Apple Inc. make decisions that use resources more wisely, thus reducing costs, the shares of Apple stock increase. Ideally, managers and employees would then be rewarded with higher paychecks and higher dividend payments. this contrasts with the marketplace for state-funded "not for profit" higher education institutions where there is no profit to be extracted in terms of higher wages or dividends. some educational institutions, however, are run like profit maximizing firms. University of Phoenix is one such example. where would you expect cost to be higher: at a not for profit higher education institution or a for profit higher education institution, ceteris paribas? Explain using economic principles. Do not forget to address both the for profit intuitions. Please practice being thorough but concise.