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Mathematics Honors Day Department of Mathematics The Florida State University |
| Welcome | ............................. | De Witt Sumners, Chair and Robert O. Lawton Distinguished Professor |
A brief survey of how economists developed and currently use production and cost functions to: (a) determine the distribution of income to labor versus owners of capital; (b) assess the ability of firms to adjust to changes in input prices (e.g., via unions or OPEC); (c) measure economies from large scale operations; (d) identify the sources of economic growth; (e) assess the benefits of mergers; and (f) rank firms by their frontier cost efficiency (i.e., benchmarking).
| Presentation of Awards | ............................. | Will Stiles |
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Induction of New Members Florida Beta Chapter
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