as most of you know. I am a satisficor. Some who aims and once he achieves his aim, he will stop and won't acheive more. But increasingly. i realise that people around me are advocator of maximisation. They feel they should go out all and acheive as much as possible. To be honest, i used to be a maximiser who defected to the other faction. So i will have a in-depth research into the arguments for and against maximisation/satisfaction. After that, we will do a cost/benefit analysis using economics model and come up with a more conclusive answer.
a)2 ways to look at it, perspective of the firm and perspective of a factor of production. How does it differ? b)Time period? Long run? Short run? c)Opportunity cost of maximisation and satisfaction.
to be honest, i foresee 2 conflictiing answer. The firm is almost definitely going to be on different side from factor of production (assuming rational choice). so i guess, we have to combine the 2 together and find an equilibrium (yes, in english, we call it compromise). So to conclude, i don't think profit maximisation is not a realistic model.
posted @ 5:05 PM ||
Profile
name: Tianyu
Passion: Maths, Music, Table Tennis
sex: M
philosophy: many people knows different part of me, but one thing in common is i will not
allow myself to fall *Elandriel*
