For example, maybe you are a partner at your firm and you're working with an associate on a project.
例如,你是公司的合伙人,你和一位同事正在共同跟进一个项目。
Suppose Firm 1 is pricing at marginal cost and Firm 2 is pricing at something higher, a little bit higher.
假设公司1定价在边际成本,公司2定价稍微高点,高一点点
It could have been a law firm; it could have been working in the study group on a homework assignment.
可能是一家律师事务所,也可能是一起做作业的学习小组
Alright, so he has used her body to press back her waters And that's what the ceiling is, the firmament, a firm sheet or structure that's holding back waters.
是的,他就这样用她的身体来遏止她体内的水流,那么,什么是天空呢,天空就是结实的厚板,或者类似的构造,它可以挡水。
The problem is, if your brokerage firm fails you could lose a lot; you could lose your cash account and your security account.
可问题是,一旦经纪公司破产,你可能损失惨重,赔光你现金账户和证券账户上所有的资金
The work is not, in a sense, written simply as a sort of timeless philosophical treatise, but as a dramatic dialogue with a setting, a cast of characters and a firm location in time and place.
但本书的著作目的,不仅是,永恒的的哲学论述,更是戏剧性的对话,内含场景,人物,及一个确切时间与位置。
So I moved around at a couple of law firms. I started at a law firm in the South.
所以我跑了一些律师事务所。我开始在一家南方的律师事务所做事。
I'm excited to be working at a firm next year, I have had a little bit of experience already in law firms.
明年我就要到事务所工作了,我为此非常兴奋,我已经有一些在事务所的工作经验了。
And it doesn't actually work in court or that doesn't actually purport to be a law firm,
你不会在法院内工作,那些机构也和律师事务所不相关,
I'm actually going for, to see one of my colleagues who works in a firm.
其实我是去看望我的同事,他在一个公司工作。
not necessarily a firm opinion, but something that you're mulling over in your mind.
不一定要时一个确切的想法,而是在你脑中不停考虑的一些事。
So I want to figure out the best response of Firm 1 as a function of the price chosen by Firm 2.
我想找出公司1的最佳对策,并用公司2价格的函数表示
I'm saying that, unless tax considerations intervene, dividend policy is really irrelevant for a firm.
除去税收的干扰,股利政策对公司是无相关性的
If a firm is competing against a customer let's say for a non-prime loan perhaps that assumption is not quite so safe.
如果一家公司在和客户博弈,比如发放说次级贷款,可能假设不是那么完备
Yes, he's asking after a firm pays a dividend that should lower the--you were asking whether it should lower the price of a share.
他问的是如果一个公司分了红,就会降低...你问的是,股价会不会下跌
Let's be careful here; let's do this for Firm 1 and we'll do Firm 2 in a second.
这里要稍微注意一下,我们先写公司1的然后再写公司2的
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