Principal of Microeconomic

Your success on the final exam will depend on your ability to use this book, your economics class, and your textbook to your best advantage. Below are the outline a strategy: 1. Take notes from the book. Active reading is the key to effective studying. Mere highlighting is less effective than taking notes because it is too passive and therefore the material does not necessarily get "processed" through your brain. If you read about a concept and then write down a description in your own words, you create a self-contained explanation that speaks your language and will be easy to remember while studying for the exam. If you cannot explain the concept to yourself on paper, this is a clear indication that you need to study the material further. Try reading the corresponding section in this book to see if that explanation makes more sense to you than the one in your textbook. 2. Use colored pens and rulers for clarity. Graphs drawn freehand in one color quickly become ...

In the second decade of the twenty-first century, companies all across the industrial landscape are seeking to achieve sustainability. Sustainability is a powerful metaphor but an elusive goal. It means much more than aligning oneself with environmental sensitivity, though that commitment itself tests higher in opinion polling of the latent preferences of American and European customers than any other response. Sustainability also implies renewability and longevity of business plans that are adaptable to changing circumstances without uprooting the organizational strategy. But what exactly should management pursue as a set of objectives to achieve this goal? Management response to pollution abatement illustrates one type of sustainability challenge. At the insistence of the Prime Minister of Canada during the Reagan Administration, the U.S. Congress wrote a bipartisan cap-and-trade bill to address smokestack emissions. Sulfur dioxide and nitrous oxide (SOX and NOX) emissions pre...