Question
a. For what basic reasons is profit maximization incinsistent with wealth maximization b. Mr. Michael and Amay have started business for several years. Their business,
a. For what basic reasons is profit maximization incinsistent with wealth maximization b. Mr. Michael and Amay have started business for several years. Their business, M&A Tas Consultancy, are performing well as they mostly agree on each business decision. However, une anomaly, selection of the legal forms of their business, arises between Michael and Anny. Michael has nied for the past 3 years to get Anny i agrer in company formation. She believes that there is me downside in company and sees only benefits. Anny strongly disagrees: he thinks that the business should remain a partnership forever First, take Michael's side, and explain the positive side of company Next, talie Anny's side, and state the advantages to remaining a partnership Lastly, what information would you want if you were asked to make the decision for Michael and Anny?
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