Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Social and Behavioral Sciences
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 …
Incorporating Accreditation Into Strategic Planning In Academic Libraries: A Look At Nine Libraries In Washington State, Daniel Canncasciato
Incorporating Accreditation Into Strategic Planning In Academic Libraries: A Look At Nine Libraries In Washington State, Daniel Canncasciato
Library Scholarship
Accreditation for universities and colleges is a milestone achievement. Failing an accreditation review can have a dire impact on an institution. A successful accreditation process should be a major goal of all involved at the institution, as it brings with it a validation of that institution. The academic library is included in accreditation reviews, so library personnel should plan to succeed in the process. The purpose of this article is to investigate whether such planning is evident or explicit in the mission and planning documents of nine academic libraries in Washington State.