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ECO501 MIDTERM SOLVED PAPERS
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The theory of the firm is the focus and central theme of managerial economics. A company is an organization that combines and organizes resources to produce goods and/or services for sale. The business model is called the theory of the firm. In its simplest version, a company is thought to have profit maximization as its primary objective. Today the emphasis was on profits augmented by uncertainty and the time value of money.These links may be useful for you:
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