It is often impossible to obtain precise information about the pattern of future revenues, costs, and interest

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"It is often impossible to obtain precise information about the pattern of future revenues, costs, and interest rates. Therefore, the process of economic optimization is futile." Discuss this statement.

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:47 AM

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It is often impossible to obtain precise information about the pattern of future revenues, costs, and interest

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A view of the process of economic optimization as futile given the obvious ...View the full answer

Managerial Economics

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