2. What, if anything, do these institutions maximize? a) A consumer-owned, cooperative grocery store b) The Department of Defense c) The Red Cross d) The household in which you grew up Note that the about institutions are not privately owned, profit maximizing business fires. They may have different goals that profit maximization but do you think that these institutions try to optimize by using criterion similar to marginal revenue to marginal revenue that profit maximizing firms use. What could they be?

2. What, if anything, do these institutions maximize? a) A consumer-owned, cooperative grocery store b) The Department of Defense c) The Red Cross d) The household in which you grew up Note that the about institutions are not privately owned, profit maximizing business fires. They may have different goals that profit maximization but do you think that these institutions try to optimize by using criterion similar to marginal revenue to marginal revenue that profit maximizing firms use. What could they be?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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