Profit as Cost versus Profit as Surplus over Cost: A Case Study on Varian's "Intermediate Microeconomics"

On the analysis of Varian’s textbook on Microeconomics, which I take to be a representative of the standard view, I argue that Varian provides two contrary notions of profit, namely, profit as surplus over cost and profit as cost. Varian starts by defining profit as the surplus of revenues over cost and, thus, as the part of the value of commodities that is not any cost; however, he provides a second definition of profit as a cost, namely, as the opportunity cost of capital. I also argue that the definition of competitive profit as the opportunity cost of capital involves a self-contradictory notion of opportunity cost.

Long Run Trends in the Price of Energy and Energy Services

4 p.

Análisis de la flora de los pastos meso-xerófilos del Centro-Norte de España

Análisis de los pastos meso-xerófitos del centro norte de España. El objetivo es conocer la posible relación entre composición florística y los atributos de las plantas. Tratamiento de datos y analísis estadísticos que dan como resultado relaciones numéricas entre los grupos obtenidos en la clasificación y los atributos de las especies. El documento está escrito en Castellano

Perinatal hipoxic ischemic injury in the auditory pathway and the effect of several neuroprotective agents

192 p.

Possible antigravity regions in F (R) theory?

We construct an F(R) gravity theory corresponding to the Weyl invariant two scalar field theory. We investigate whether such F (R) gravity can have the antigravity regions where the Weyl curvature invariant does not diverge at the Big Bang and Big Crunch singularities. It is revealed that the divergence cannot be evaded completely but can be much milder than that in the original Weyl invariant two scalar field theory. (C) 2014 The Authors. Published by Elsevier B.V.