Structure Market environments Market demand for a competitive firm Short-run- supply decision Upward sloping MC curve Shut- down condition Long -run- supply decision Comparing long-run- and short--run decisions Producer's' surplus and profits
Revealed Preference Analysis Suppose we observe the demands (consumption choices) that a consumer makes for different budgets. This reveals information about the consumer's preferences. We can use this information to
Effective Organization Implements an organization's strategy in a manner which satisfies the needs of its multiple stakeholders-customers shareholders, and employees Must be aligned fit with the strategy, situation, and objectives of stakeholders
Organizational Culture common perception held by the organization's members; a system of shared meaning Innovation and risk taking Attention to detail Outcome, people or team orientation Aggressiveness
Morphology and Syntax England's Queen is Elizabeth l The Queen of England is Elizabeth He loves books He is a lover of books The planes which fly are red The flying planes are red He is hungrier than she He is more hungry than She
