Do the conditions differ from ulility-maximizing conditions

Assignment Help Microeconomics

Reference no: EM13237193

The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive the optimization conditions if the owner-manager wishes to obtain specific level of utility at the lowest possible cost? Do these conditions differ from ulility-maximizing conditions?

Reference no: EM13237193

Questions Cloud

What is the potential difference between the bird''s feet : A bird stands on a dc electric transmission line carrying 3300A (Figure 1) . The line has 2.7×10?5? resistance per meter, and the bird's feet are 3.5cm apart

Explain what is the energy of the electron now : The electron in the He+ ion is excited to the n = 2 principal state. What is the energy of the electron now?

Calculate the consumer price index for each of the four year : There are three goods in the consumer basket. The fixed quantities are these goods, which the consumer buys, are as follows: Food=60 units, Movies=40 units, and Clothing=90 units. Over a four-year period, the prices of these goods, PF, PM

Explain chemical equations for both reactions : Dehydration of two alcohols leads to preparation of methylcyclohexene. write chemical equations for both reactions.

Do the conditions differ from ulility-maximizing conditions : The owner-manager of Good Guys Enterprises obtains ulility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures.

What would this practice imply for the role : Some companies have derailed affirmative action plans, complete with goals and timelines, for womaen and minorities, and yet have no formal human resource plan for the organization as a whole. Why might this be the case?

Compute the number of milligrams of ascorbic acid : how many millgrams of ascorbic acid (molar mass = 176.1g/mol) are in the sample, calculate the number of milligrams of ascorbic acid per 100g of citrus juice.

Find the companys major business strategy : Research on the Internet a company that has gone through a major restructuring (excluding bankruptcy). Research to find the company's major business strategy.

What is the appropriate balance between private and public : What is the appropriate balance between private and public (i.e., government) activity Think of a case where the government has intervened (or it was suggested that government intervene) in a previously private market

User Account

All Pages