Tuesday, February 24, 2009

The Behavior of Profit-Maximizing Firms

I decided to study economics because after 20 years or so in business I have a pretty good understanding of how business works, but not why it works, at least not in any formal sense. For me, this isn't just a casual interest. I run a business, and realize that many of the decisions we make could be better-informed by a formal education in economics. So I'm thrilled that my class has gotten past the basic supply-and-demand stuff and is moving into a study of how firms make decisions.

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