Jr., James Edward Curtis,. "A THEORY OF APPLIED SOCIAL ECONOMICS." Int. j. of Social Science and Economic Research, vol. 3, no. 7, July 2018, pp. 3625-3635, ijsser.org/more2018.php?id=253. Accessed July 2018.
Jr., J. (2018, July). A THEORY OF APPLIED SOCIAL ECONOMICS. Int. j. of Social Science and Economic Research, 3(7), 3625-3635. Retrieved from ijsser.org/more2018.php?id=253
Jr., James Edward Curtis,. "A THEORY OF APPLIED SOCIAL ECONOMICS." Int. j. of Social Science and Economic Research 3, no. 7 (July 2018), 3625-3635. Accessed July, 2018. ijsser.org/more2018.php?id=253.
Consider an economy where religious, non-profit organizations attempt to maximize their
remaining revenue, for instance, to enlarge their endowment and provide new or enhanced
services. Let remaining revenue equal total revenue minus total costs, where remaining revenue
is determined by the costs of employees, the costs of volunteers [which is set to zero], the costs
of facilities, equipment and professional services , and the costs of donated facilities, equipment
and professional services, where outputs, for religious non-profit organizations, may include
denominational ordinances, Sunday/ mid-week services, uncertified and certified training,
transition services (counseling, weddings, funerals), and social services (food, clothing, shelter,
transportation, referrals), where remaining revenue is maximized based on the ability of
religious, non-profit organizations to turn inputs into outputs at market prices. Remaining
revenue can be maximized through vertical integration of all outputs, or through a horizontal
analysis [of each output individually, where n situations where perfect competition exists. For
instance, there are: many religious, non-profit organizations; many consumers; perfect
information among organizations and consumers; and no barriers to starting an organization or
exiting the market. Curtis, Jr. (2010, 2017) focuses on the instance where minimizing costs also
produces the maximum remaining revenue such that theological praise is measurable by the
social planning effectiveness of the Kings of the Old Testament of The Holy Bible, a business
manager/owner grouping in the days of Israel, or leaders of the Seven Churches of The New
Testament of The Holy Bible.