Sunday
March 26, 2017

Post a New Question

Posted by on .

The Owner-manager of Good Guys Enterprises obtains utility 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 a specific level of utility at the lowest possible cost? Do these conditions differ from the utility-maximizing conditions?

  • managerial economics - ,

    The owner-manager of Good Guys Enterprise obtains utility from income (profit) and from having the firm behaves 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 wishers to obtain a specific level of utility at the lowest possible cost. Do these conditions differ from the utility-maximizing conditions

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question