Slide 1Theory of production : Input – Output relation Production : 1. Transformation of inputs into output. 2. Creation of Utility – Time, Place, Form Utility 3. Any…

Slide 1Competitive firms and Markets Perloff chapter 8 Slide 2 Competition Firms are price takers. –Firms demand curve is horizontal. Reasons for a horizontal demand curve:…

Slide 1 Prof. Ian Giddy New York University Increasing Value via Mergers & Acquisitions Slide 2 Copyright ©2000 Ian H. Giddy Increasing Value via M&A 2 Mergers and…

Slide 1 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 and profits…

Slide 1 International Investing Prof. Ian Giddy New York University Slide 2 Copyright ©1996 Ian H. Giddy International Investing 2 International Capital Budgeting l Strategic…

* Ch. 6: Economies of Scale, Imperfect Competition, and International Trade * Constant Returns To Scale The models we have looked at previously all assumed constant returns…