英语翻译我的时间来不及,非常感激!In microeconomics courses,profit maximization is frequently given as the goal of the firm.profit maximization stresses the efficient use of capital resources ,but it is not specific with respect to the t

英语翻译我的时间来不及,非常感激!In microeconomics courses,profit maximization is frequently given as the goal of the firm.profit maximization stresses the efficient use of capital resources ,but it is not specific with respect to the t
英语翻译
我的时间来不及,非常感激!
In microeconomics courses,profit maximization is frequently given as the goal of the firm.profit maximization stresses the efficient use of capital resources ,but it is not specific with respect to the time frame over which profits are to be measured.Do we maximize profits over the current year,or do we maximize profits over some longer period?A financial manager could easily increase current profits by eliminating research and development expenditures and cutting down on routine maintenance .In the short run,this might result in increased profits,but this clearly is not in the best long-run interests of the firm.If we are to base financial decisions on a goal ,that goal must be precise ,not allow for misinterpretation,and deal with all the complexities of the real world.
In microeconomics ,profit maximization functions largely as a theoretical goal ,with economists using it to prove how firms behave rationally to increace profit.Unfortunately ,it ignores many real-world complexities that financial managers must address in their decisions .In the more applied discipline of financial management ,firms must deal every day with two major factors not considered by the goal of profit maximization:uncertainty and timing.
Microeconomics courses ignore uncertainty and risk to present theory more easily.Projects and investment alternatives are compared by examining their expected values or weighted average profits .Whether one project is riskier than another does not enter into these calculations ;economists do discuss risk ,but only tangentially.In reality,projects differ a great deal with respect to risk characteristics,and to disregard these differences in the practice of financial management can result in incorrect decisions.As we will discover later in this chapter ,there is a very definite relationship between risk and expected return for taking on added risk-and to ignore this relationship would lead to improper decision making.
Another problem with the goal of profit maximization is that it ignores the timing of the project’s returns .If this goal is only concerned with this year’s profits ,we know it inappropriately ignores profit in future years.If we interpret it to maximize the average of profits ,it is also incorrect.Inasmuch as investment opportunities are available for money in hand .we want those cash flows sooner rather than later .Thus ,the real-world factors of uncertainty and timing force us to look beyond a simple goal of profit maximization as a decision criterion.We will turn now to an examination of a more robust goal for the firm:maximization of shareholder wealth
翻的专业点，我愿意多加点分。

英语翻译我的时间来不及,非常感激!In microeconomics courses,profit maximization is frequently given as the goal of the firm.profit maximization stresses the efficient use of capital resources ,but it is not specific with respect to the t
在微观经济学的课程中,利润最大化通常是一个公司的既定目标.利润最大化强调资本财力的有效利用,但是与时间架构在衡量上没有细致的关系.我们在近期或者长期能实现利润的最大化吗?一个财务经理可以轻松的增加近期利润,通过减少研究和发展的支出并且减少日常的维持生计.在短期经营中,这可能引起利润的增长,但是这明显不适合长时间的公司.如果我们以财政决定为目标,目标就一定要精确,不允许有一点曲解,并且处理所有真实世界的复杂性.
.(to be continued)
太多了 不能忍了 水平不行啊 我闪了

在微观经济学课程,常常由于利润最大化为目标的最大化firm.profit讲资本资源使用效率,但它并不是针对特定时限超过measured.do我们可以赚取其中利润最大化,较本年度利润最大化还是我们对一些较长的时间? 财务经理很容易被淘汰的利润增幅目前研发支出及减少维修. 在短期内,这可能会导致更多的利润,但这显然不是最好的长远利益为基础的金融firm.if我们决定一个目标,这个目标一定要准确,不容许...

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在微观经济学课程,常常由于利润最大化为目标的最大化firm.profit讲资本资源使用效率,但它并不是针对特定时限超过measured.do我们可以赚取其中利润最大化,较本年度利润最大化还是我们对一些较长的时间? 财务经理很容易被淘汰的利润增幅目前研发支出及减少维修. 在短期内,这可能会导致更多的利润,但这显然不是最好的长远利益为基础的金融firm.if我们决定一个目标,这个目标一定要准确,不容许错误、应对各种复杂问题的实质世界.在微观经济,利润最大化的目标理论作为主要职能,用它来证明经济学家如何合理地表现公司利润越大.不幸的是,它忽略许多现实世界的复杂性,财务经理必须处理它们的决定. 在更多应用学科财务管理,公司每天必须处理与两大因素未考虑利润最大化的目标:不确定性和时间.微观经济学课程理论忽略不确定性和风险更为easily.projects投资替代目前比较看看他们预期价值或加权平均利润. 另外一个项目是否比不冒险进入这些计算; 经济学家认为,讨论风险,但只有tangentially.in实际工程方面有很大风险的特点,并在实践中无视这些差异可能导致错误的理财decisions.as本章稍后我们会发现,有一个非常明确的关系,同时对风险和预期回报加上风险,忽视这一关系将导致决策不当.另一个问题是利润最大化的目标,它忽视了时间的项目申报. 如果这个目标只是关心今年的利润,我们知道这不适当无视未来利润最大化years.if我们理解平均利润,这也是投资机会可供incorrect.inasmuch手里的钱. 我们希望这些现金流量宜早不宜迟. 因此,现实世界的不确定因素和时间逼我们超越一个简单的利润最大化为目标,决定将现在criterion.we审查更为稳健的坚定目标:股东财富最大化

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