For purposes of this assignment, assume you are a consultant hired to evaluate the feasibility of rolling out a new program within an existing not-for-profit mental health organization. Your task, in a 4-6 page paper is to:
o Discuss/explain and provide the rationale for choosing either the Economic Theory of the Firm or the Managerial Theory of the Firm as the framework for this project.
o Discuss the importance of understanding the six principles of Managerial Economics when applied in a not-for-profit setting.
o Discuss how you would apply the six principles to decision-making strategies in considering the new program.
o What would be the limiting factors for each of the principles?
o What other economic issues would you consider in your deliberations? Why?