Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Publication
- Publication Type
Articles 1 - 2 of 2
Full-Text Articles in Education
A Primer On Profit Maximization, Robert Carbaugh, Tyler Prante
A Primer On Profit Maximization, Robert Carbaugh, Tyler Prante
All Faculty Scholarship for the College of Business
Although textbooks in intermediate microeconomics and managerial economics discuss the first-order condition for profit maximization (marginal revenue equals marginal cost) for pure competition and monopoly, they tend to ignore the second-order condition (marginal cost cuts marginal revenue from below). Mathematical economics textbooks also tend to provide only tangential treatment of the necessary and sufficient conditions for profit maximization. This paper fills the void in the textbook literature by combining mathematical and graphical analysis to more fully explain the profit maximizing hypothesis under a variety of market structures and cost conditions. It is intended to be a useful primer for all …
Implications Of Economic Interactions Between Northern And Southern Tribes Of Sudan, Professor Issam A.W. Mohamed
Implications Of Economic Interactions Between Northern And Southern Tribes Of Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The present paper discusses issues of the tribal interactions living on the borders between North and South Sudan. Foresights are looked for, especially after secession. There are multiple ethnic relations and mutual resources collectively utilized. Different tribes live on those resources, in specifics those who depend on a livelihood of herding cattle, camels, sheep and goats. The conceptions of no-borders, free water resources and open range were entrenched for hundreds of years. The sudden realization of necessities of new borders generates revulsion, sense of deprivation and end of traditional life practice. Additionally, development issues are weak with lack of infrastructure, …