Welcome to PAS CLASS IB
1: Explain tow factors that might give rise to economics of scale for a firm. 2: Explain why some firms might choose the foal of profit maximization while others might choose to adopt satisficing behaviour. 3: Explain why firms may not always pursue the goal of profit maximization. Chapter 7:Read More
1: To what extent is advertising the most effective way of increasing the consumption of merit goods? 2: Explain how the overuse of common access resources can lead to negative externalities. 3: Discuss the view that the best way to reduce the threat to sustainability, arising from the burning ofRead More
