Profit Maximization

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Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 313 pages
Book Rating : 4.:/5 (661 download)

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Book Synopsis Profit Maximization by : Fouad Sabry

Download or read book Profit Maximization written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Profit Maximization When it comes to economics, profit maximizing refers to the method by which a company can establish the pricing, input, and output levels that will result in the largest possible overall profit. This process can be carried out in either the short run or the long run. The firm is supposed to be a "rational agent" in neoclassical economics, which is the predominant approach to microeconomics at the moment. This means that the firm's goal is to maximize its total profit, which is defined as the difference between its total revenue and its total cost. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Profit maximization Chapter 2: Monopoly Chapter 3: Oligopoly Chapter 4: Perfect competition Chapter 5: Price elasticity of demand Chapter 6: Economic equilibrium Chapter 7: Break-even (economics) Chapter 8: Marginal cost Chapter 9: Marginal product Chapter 10: Marginal revenue Chapter 11: Marginal revenue productivity theory of wages Chapter 12: Cournot competition Chapter 13: Lerner index Chapter 14: Cost curve Chapter 15: Average variable cost Chapter 16: Supply (economics) Chapter 17: Marginal product of capital Chapter 18: Shutdown (economics) Chapter 19: Marginal product of labor Chapter 20: Markup rule Chapter 21: Monopoly price (II) Answering the public top questions about profit maximization. (III) Real world examples for the usage of profit maximization in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Profit Maximization.

Towards a Non-Static Theory of Profit Maximization

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Publisher : Abhinav Publications
ISBN 13 : 9788170172741
Total Pages : 272 pages
Book Rating : 4.1/5 (727 download)

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Book Synopsis Towards a Non-Static Theory of Profit Maximization by : Amitabha Mukherjee

Download or read book Towards a Non-Static Theory of Profit Maximization written by Amitabha Mukherjee and published by Abhinav Publications. This book was released on 1990 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book Is An Exercise In Pure Theory At The Micro-Level. Abandoning The Traditional Concept Of Profit, As Being The Residual Difference Between Revenue And Cost, The Book Examines In Detail New Concepts Of Profit And Attempts At Determining The Behaviour Of Firms (Where Management And Ownership Is Separated) In Terms Of These New Profit Concepts. The Entire Gamut Of The Theories Of The Firm And The Theories Of Pricing And Output Determination Under Different Market Conditions Is Examined, To Establish How Conventional Analysis Leaves No Room For Firm S Growth, As The Surplus Generated By A Firm Exhausts Itself In Returns To Factor Inputs. A General Theory Of Profit Is Then Presented And The Relationship Between Profit And Other Variables, Notably Growth Is Examined, Within A Firm. An Attempt Is Made To Resolve The Conflict That May Arise In The Managerial Objectives And The Objectives Of The Firms (In The Long-Run) Where Ownership Is Separate From Management. Amitabha Mukherjee After A Distinguished Academic Career Obtained A First Class Master S Degree In Economics From Ranchi University (1976). He Obtained His Second Master S Degree In Managerial Economics And Administrative Science From William Marsh Rice University, Houston (1978). He Studied Comparative Economic And Political Stystems In Washington (1978). He Was Awarded His Ph.D. For His Thesis On Behaviour Of Firms (1983). He Carried Out His Post-Doctorate Research At Rice (1985) And At The University Of South Florida, Tampa, Florida, U.S.A. (1987).

Microeconomics

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Publisher : Routledge
ISBN 13 : 1000115801
Total Pages : 520 pages
Book Rating : 4.0/5 (1 download)

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Book Synopsis Microeconomics by : Judy Whitehead

Download or read book Microeconomics written by Judy Whitehead and published by Routledge. This book was released on 2020-07-30 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microeconomics is concerned with the production, consumption and distribution of goods by the micro units of individuals, firms and markets within the economy. It can also be considered a study of scarcity and the choices to be made for the attainment of goals within constraints. These goals are those set by consumers, producers and policy makers in the market. This book provides a brand new approach to the teaching and study of microeconomics – an elementary guide to the fundamental principles of the subject. It gives students from all parts of the world the opportunity to understand and appreciate the value of microeconomic tools and concepts for analyzing market processes in their economic environment, as well as maintaining a perspective on issues of trade and competitiveness, thus drawing attention to the relevance of microeconomic theory beyond the domestic scene to issues of trade and competitiveness on the international arena. The book contains a wealth of international case studies and covers topics such as: - elasticity - Cobb-Douglas Production functions - dynamic stability of market equilibrium - monopolies and monopolistic competition - project analysis The perfect introduction to the building blocks of contemporary microeconomic theory, this book will be of interest to undergraduate students in international economics, industrial economics, managerial economics and agricultural economics. It will also be a useful reference guide for graduates requiring a break down of difficult microeconomic principles.

MICROECONOMICS: AN ADVANCED TREATISE

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Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 812035222X
Total Pages : 968 pages
Book Rating : 4.1/5 (23 download)

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Book Synopsis MICROECONOMICS: AN ADVANCED TREATISE by : CHAUHAN, S. P. S.

Download or read book MICROECONOMICS: AN ADVANCED TREATISE written by CHAUHAN, S. P. S. and published by PHI Learning Pvt. Ltd.. This book was released on 2016-06-08 with total page 968 pages. Available in PDF, EPUB and Kindle. Book excerpt: Enriching contents of the book in the Second Edition, the author proffers a thoroughly revised and updated text with main focus on Game Theory, Linear Programming and Output–Input Analysis. Besides he gives due weightage to the topics on International Trade, Decision Theory, Pricing Policies in Practice and Basics of Econometrics for Estimation of Economic Functions—by introducing them as independent chapters in the present edition. The concepts have been introduced keeping decision-makers in mind, who may be associated with the corporate world or pursuing management courses offered by various institutes in India and abroad. The mathematical treatment of the topics, which is one of the distinguishing features of the book, is facilitated in a student-friendly approach. Primarily intended for the undergraduate and postgraduate students of commerce, economics and management, the book is a comprehensive text in accordance with the syllabi of B.Com, B.Sc (Economic Hons.), M.Com, M.A. (Economics) and Master of Business Economics (MBE) courses. Besides academic pursuits, the book will also be useful for the aspirants of competitive examinations such as Indian Administrative Services (IAS), Provincial Civil Services (PCS), and Indian Economic Services (IES).

Microeconomic Policy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1848441517
Total Pages : 473 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Microeconomic Policy by : Clement Allan Tisdell

Download or read book Microeconomic Policy written by Clement Allan Tisdell and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new and updated edition of Microeconomic Policy provides an excellent blend of theory and application to foster understanding of economic-based policy making. The book is eclectic in its approach and addresses a rich set of current applications. It is an ideal book for teaching microeconomic-based policy analysis to students. Todd Sandler, University of Texas at Dallas, US Designed for students who have already encountered the microeconomic principles, this valuable text focusses effectively on their policy implications, imbuing the apparently dry theory with its insights for the general welfare. William J. Baumol, New York University, US and Princeton University, US A distinctive feature of this book is the application of microeconomics to public policy. As to be expected given the international reputation of the authors there is a thorough treatment of global environmental policies, including the Stern Report, and a very useful chapter on issues of defence, conflict and terrorism. What this text offers, and most competing books do not is the breadth of coverage. In this revised edition we have integration into the topics of advances in behavioural, evolutionary and Austrian economics. The relevance to business management and government policy of the material presented makes the subject come alive in application. . . a refreshing change from the curve-shifting that dominates traditional microeconomic texts which turns-off so many of our students and prevents them from seeing the crucial importance of economics to almost every aspect of our well-being. John Lodewijks, University of Western Sydney, Australia This thoroughly accessible textbook shows students how microeconomic theory can be used and applied to major issues of public policy. In this way, it will improve their understanding of both microeconomic theory and policy and also develop their ability to critically assess them. Clem Tisdell and Keith Hartley have expanded upon their previous successful work on microeconomics. As a result, this new book is considerably updated with substantial chapter revisions, as well as new chapters dealing with business management, ownership, environmental issues, public choice, defence, conflict and terrorism. Promoting a thorough understanding of this complex yet fundamental topic, Microeconomic Policy: A New Perspective will undoubtedly prove an invaluable textbook for all students, academics and researchers of economics and public policy.

Intermediate Microeconomics

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Publisher : Routledge
ISBN 13 : 1317467655
Total Pages : 527 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Intermediate Microeconomics by : Lester O. Bumas

Download or read book Intermediate Microeconomics written by Lester O. Bumas and published by Routledge. This book was released on 2015-03-04 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first intermediate microeconomics textbook to offer both a theoretical and real-world grounding in the subject. Relying on simple algebraic equations, and developed over years of classroom testing, it covers factually oriented models in addition to the neoclassical paradigm, and goes beyond theoretical analysis to consider practical realities.

The Firm as an Entity

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Publisher : Routledge
ISBN 13 : 1134122128
Total Pages : 400 pages
Book Rating : 4.1/5 (341 download)

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Book Synopsis The Firm as an Entity by : Yuri Biondi

Download or read book The Firm as an Entity written by Yuri Biondi and published by Routledge. This book was released on 2007-04-12 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book enhances current economic understanding of the firm as an institution and an organization, looking beyond the narrow boundaries of neoclassical economics to an interdisciplinary approach based on accounting and law as well as economics itself. It represents the first synthesis of the authors' research work on the subject and provides the groundwork for the development of a comprehensive framework centred on the firm as an entity. The volume starts with a synthesis and a critique of the current state of the different economic theories of the firm and further develops them through new insights and neglected lessons from different traditions of thought. The economic theory and analysis of the firm is given new life here by looking at the firm as a whole: as an institution and an organization, which has special functions and a distinct role in the economy and society.

The Oxford Handbook of Sports Economics: Volume 1: The Economics of Sports

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Publisher : Oxford University Press
ISBN 13 : 0199874778
Total Pages : 542 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis The Oxford Handbook of Sports Economics: Volume 1: The Economics of Sports by : Leo H. Kahane

Download or read book The Oxford Handbook of Sports Economics: Volume 1: The Economics of Sports written by Leo H. Kahane and published by Oxford University Press. This book was released on 2012-03-16 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stephen Shmanske and Leo Kahane have brought together nearly all of the important authors in the quickly growing field of Sports Economics to contribute chapters to this two-volume set. The result is truly informative in its content and path breaking in its importance to the field. Anyone contemplating research in the field of sports economics will find the works in these volumes to provide both ample background in subject after subject and numerous suggestions for future avenues of research. The editors have recognized two ways that economics and sports interact. First, economic analysis has helped everyone understand many of the peculiar institutions in sports. And second, quality data about individual productivity, salaries, career histories, teamwork, and managerial behavior has helped economists study topics as varied as the economics of discrimination, salary dispersion, and antitrust policy. These two themes of economics helping sports and sports helping economics provide the organizational structure to the two-volume set. The reader will find that sports economists employ or comment on practically every field in economics. Labor Economics comes into play in the areas of salary formation, salary dispersion, and discrimination. Baseballs history and the NCAA are studied with Industrial Organization and Antitrust. Public Finance and Contingent Value Modeling come into play in the study of stadium finance and franchise location. The Efficient Market Hypothesis is examined with data from gambling markets. Macroeconomic effects are studied with data from mega events like the Super Bowl, The World Cup, and the Olympics. The limits of Econometrics are pushed and illustrated with superb data in many of the papers herein. Topics in Applied microeconomics like demand estimation and price discrimination are also covered in several of the included papers. Game Theory, measurement of production functions, and measurement of managerial efficiency all come into play. Talented authors in each of these fields have made contributions to these volumes. The volumes are also rich from the point of view of the sports fan. Every major team sport is covered, and many interesting comparisons can be made especially between the North American League organization and the European-style promotion and relegation leagues. Golf, NASCAR, College athletics, Womens sports, the Olympics, and even bowling are represented in these pages. There is literally something for everyone.

The Oxford Handbook of Sports Economics Volume 1

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Publisher : Oxford University Press
ISBN 13 : 0195387775
Total Pages : 543 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis The Oxford Handbook of Sports Economics Volume 1 by : Leo H. Kahane

Download or read book The Oxford Handbook of Sports Economics Volume 1 written by Leo H. Kahane and published by Oxford University Press. This book was released on 2012-05-31 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shmanske and Kahane have organized over 50 essays from prominent Sports Economists into two volumes around two related themes. This second volume explains how sports helps economics via quality data used to test a variety of economic theories.

Microeconomics: Theory And Applications Part Ii

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Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 8120337158
Total Pages : 295 pages
Book Rating : 4.1/5 (23 download)

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Book Synopsis Microeconomics: Theory And Applications Part Ii by : S. P. S. Chauhan

Download or read book Microeconomics: Theory And Applications Part Ii written by S. P. S. Chauhan and published by PHI Learning Pvt. Ltd.. This book was released on 2009-12 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a scientific and systematic development of the under-lying concepts of microeconomics with due emphasis on analytical and mathematical treatment, much needed for an application orientation of mind, to help students in understanding and tackling the real-world problems. The book is organized into nine chapters. The first chapter is devoted to price-output decisions of a monopoly. It provides a comprehensive account of these decisions under all their manifestations in a systematic manner with illustrative sketches and mathematical explanations. Chapters 2 to 4, devoted to imperfect markets, cover monopolistic competition, duopoly and oligopoly under different situations of product pricing and quantity determination. The analysis is systematic incorporating illustrative sketches and mathematical explanations. Chapter 4 presents the sales maximization models of Baumol. Chapter 5 is devoted to factor pricing and Chapter 6 to capital and investment decisions. The former focuses on pricing of variable and fixed factors of production while the latter on intertemporal analysis and choice under uncertainty. Chapters 7 to 9, devoted to general equilibrium and market failure, analyse topics on general equilibrium and Pareto efficiency, markets with asymmetric information and externalities and public goods. This title includes: over 145 neatly drawn figures to clarify the concepts; chapter-end summaries as 'key terms and concepts' to facilitate quick revision; over 410 chapter-end short and long answer questions of numerical and analytical nature with hints, and answers as appropriate to probe the student's assimilation of the material covered; and, numerous illustrative examples throughout the text to illustrate the application of concepts.

Objective Economics

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Publisher : University Press of America
ISBN 13 : 0761854827
Total Pages : 365 pages
Book Rating : 4.7/5 (618 download)

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Book Synopsis Objective Economics by : M. Northrup Buechner

Download or read book Objective Economics written by M. Northrup Buechner and published by University Press of America. This book was released on 2011-06-13 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every price is set by someone; this is where economics begins. Building on that fundamental idea and on Ayn Rand’s philosophy of Objectivism, Objective Economics transforms economics. The thesis of this book is that Ayn Rand’s concept of “objective” is the indispensible base of valid economic thought. Consistently applying this idea across the board, the author reaches a general theory of price for the first time in the history of economic thought. This theory of price then provides a valid base for explaining how a free economy functions. Based on facts everyone knows, presented without graphs or higher mathematics, Objective Economics makes accessible to the intelligent layman a clear understanding of how the economy works. For everyone who found college economics impenetrable—and that is just about everyone—this is the book. The thesis of Objective Economics changes everything about economics, including economics’ method, the conception of the economy, the meaning of competition, the idea of price, the nature of business costs, the concept of supply, the concept of demand, the law of supply and demand, the theory of price, and the theory of total national output. Overall, as the result of all the preceding, Objective Economics demonstrates that capitalism is the practical economic system.

Microeconomics For Dummies

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Publisher : John Wiley & Sons
ISBN 13 : 1119184401
Total Pages : 353 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Microeconomics For Dummies by : Lynne Pepall

Download or read book Microeconomics For Dummies written by Lynne Pepall and published by John Wiley & Sons. This book was released on 2016-01-14 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!

MANAGERIAL ECONOMICS, Third Edition

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Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 9387472809
Total Pages : 364 pages
Book Rating : 4.3/5 (874 download)

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Book Synopsis MANAGERIAL ECONOMICS, Third Edition by : NADAR, E. NARAYANAN

Download or read book MANAGERIAL ECONOMICS, Third Edition written by NADAR, E. NARAYANAN and published by PHI Learning Pvt. Ltd.. This book was released on 2020-06-01 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managerial Economics has assumed a predominant role in today's globalized and liberalized economy because of the financial implications of many decisions that a manager has to take in his day-to-day professional life. This comprehensive and student-friendly book strives to equip the young, practising and budding managers to find solutions to the real-world problems through the efficient and effective use of economic tools and techniques. The authors who admirably combine academic and professional experience give a clear and straightforward analysis of the various topics in managerial economics. The text begins with an overview of managerial economics and describes the modern business firm and its objectives along with the concepts of market mechanism, demand theory and production analysis. The text then moves further to explain managerial techniques, macroeconomic theory and international trade and finance along with the risks and uncertainties involved in business. Besides, it also explains the cost and revenue, supply, pricing, profit and investment analyses. Finally, this book discusses some important Case Studies to reinforce the concepts presented in the text. The third edition of the book comprises multiple choice questions (with answers) at the end of each chapter to test the understanding of the concepts discussed in the chapter. Besides, the objectives, strategies and initiatives of the twelfth five year plan (2012–2017) of Planning Commission as well as a new section on Replacement of Indian Planning Commission with NITI Aayog have been incorporated in the chapter on Macroeconomic Analysis. Intended as a text for postgraduate students of Management, Commerce and Economics, the book would also be useful for undergraduate engineering courses where Managerial Economics is offered. Finally, the book can be profitably used by marketing and management consultants, business executives and other related professionals. KEY FEATURES • Includes several simple, numerical examples with solutions for easy understanding of theory. • Contains a large number of tables and figures to illustrate the concepts. • Provides chapter-end exercises to check students' comprehension of the subject. TARGET AUDIENCE • MBA • M.Com • M.A. Economics

Mobil-Marathon and Similar Oil Company Mergers

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Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Mobil-Marathon and Similar Oil Company Mergers by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Fossil and Synthetic Fuels

Download or read book Mobil-Marathon and Similar Oil Company Mergers written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Fossil and Synthetic Fuels and published by . This book was released on 1982 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Wine Economics

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Publisher : MIT Press
ISBN 13 : 0262361035
Total Pages : 321 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Wine Economics by : Stefano Castriota

Download or read book Wine Economics written by Stefano Castriota and published by MIT Press. This book was released on 2020-11-17 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and interdisciplinary approach to the economics of the production, distribution, and consumption of wine. Wine economics is a growing subfield that examines the economics of the production, distribution, and consumption of wine. In this book, Stefano Castriota takes a comprehensive and interdisciplinary approach to the study of wine economics, drawing on literature from industrial organization, welfare economics, economic policy, political economy, management, finance, health economics, law, and criminology.

Economics of Health and Medical Care

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Publisher : Jones & Bartlett Learning
ISBN 13 : 1284219283
Total Pages : 389 pages
Book Rating : 4.2/5 (842 download)

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Book Synopsis Economics of Health and Medical Care by : Lanis Hicks

Download or read book Economics of Health and Medical Care written by Lanis Hicks and published by Jones & Bartlett Learning. This book was released on 2020-02-26 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics of Health and Medical Care is an introduction to population-based health economics as well as the traditional, market-oriented approach to health care economics. The book examines economics through the lens of descriptive, explanatory, and evaluative economics. The Seventh Edition is an extensive revision that reflects the vast changes that have been occurring in the health care industry and in the economy, most notably in the areas for payment systems and quality improvement. Additionally, the text offers expanded discussion of the impact of the Affordable Care Act on the demand for healthcare services and health insurance, particularly regarding Medicare and Medicaid programs. Evolving issues in healthcare as well as discussion of the implication for efficiency in the production and consumption of healthcare services are covered throughout the text.

Handbook Of The Economics Of Wine (In 2 Volumes)

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Author :
Publisher : World Scientific
ISBN 13 : 9813232730
Total Pages : 1045 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis Handbook Of The Economics Of Wine (In 2 Volumes) by : Orley Ashenfelter

Download or read book Handbook Of The Economics Of Wine (In 2 Volumes) written by Orley Ashenfelter and published by World Scientific. This book was released on 2018-03-22 with total page 1045 pages. Available in PDF, EPUB and Kindle. Book excerpt: Real analysis provides the fundamental underpinnings for calculus, arguably the most useful and influential mathematical idea ever invented. It is a core subject in any mathematics degree, and also one which many students find challenging. A Sequential Introduction to Real Analysis gives a fresh take on real analysis by formulating all the underlying concepts in terms of convergence of sequences. The result is a coherent, mathematically rigorous, but conceptually simple development of the standard theory of differential and integral calculus ideally suited to undergraduate students learning real analysis for the first time.This book can be used as the basis of an undergraduate real analysis course, or used as further reading material to give an alternative perspective within a conventional real analysis course.