Zukunftsfähige Arbeitsplätze in den OECD-Staaten

Seminar paper from the year 2008 in the subject Economics - Micro-economics, grade: 2,3, University of Münster, language: English, abstract: The central concept of microeconomic theory is straightforward: Firms set price and quantity due to profit maximizing purposes. As profit is defined as revenue less cost, this optimization process is based on a production function and a cost function. For relevant inputs to the production function, companies face the decision to substitute domestic lab...