Need this in 12 hours.

timer Asked: Jul 20th, 2014

Question Description

Managerial Economics

Answer the following questions. Answers must be at least a paragraph in length but no more than 2 paragraphs. Please provide references for your answers.

1. Is it appropriate to view firms primarily as economic entities? Why or why not?

2."In the long run, a profit maximizing firm would never knowingly market unsafe products. However, in the short run, unsafe products can do a lot of damage." Discuss this statement.

3. Please see attachment to complete the charts



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