Managerial Economics at Central Philippine University | Flashcards & Summaries

Lernmaterialien für Managerial Economics an der Central Philippine University

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a consumers values a car at 20,000 and it costs a producer 15,000 to make the same car. if the transaction is completed at 18,000, the transaction will generate

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2,000 worth of buyer surplus and 3,000 of seller surplus

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wealth creating transaction are more likely to occur

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all of the above

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TESTE DEIN WISSEN
What might happen if a car dealership is awarded a bonus by the manufacturer for selling a crrtain number of its car monthly, but the dealership is just short of the quota ner the end of the month
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TESTE DEIN WISSEN
It may sell the remaining cars at huge discounts hit the quota
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TESTE DEIN WISSEN
The rational actor paradigm assumes that people do NOT
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TESTE DEIN WISSEN
Use rules of thumb
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TESTE DEIN WISSEN
Which of the followin is NOT one of the three problem-solving principles laid out in Chapter 1
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Under whose Jurisdiction
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Why might welfare for low-income households reduce the prospensity to work?
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To reduces the incentive to work 
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What is possible consequence of a performance compensation reward scheme?
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Both A and B
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Why might a supermarket advertise low prices on certain high profile items and sell them at loss?
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The score will sell other groceries to the same customers, often at a mark up
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Why might a bonus cap for executives be a bad policy foe the company
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TESTE DEIN WISSEN
It would encourage shirking after the executives reached the cap
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TESTE DEIN WISSEN

an individuals  value for a good or services is

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TESTE DEIN WISSEN

the amount of money he or she is willing to pay for it

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TESTE DEIN WISSEN

the biggest advantage of capitalism is that 

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TESTE DEIN WISSEN

all of the above

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TESTE DEIN WISSEN
Why might performance compensation caps be bad?
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TESTE DEIN WISSEN
Compensation caps can discourage employees from being productive after the cap
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Beispielhafte Karteikarten für deinen Managerial Economics Kurs an der Central Philippine University - von Kommilitonen auf StudySmarter erstellt!

Q:

a consumers values a car at 20,000 and it costs a producer 15,000 to make the same car. if the transaction is completed at 18,000, the transaction will generate

A:

2,000 worth of buyer surplus and 3,000 of seller surplus

Q:

wealth creating transaction are more likely to occur

A:

all of the above

Q:
What might happen if a car dealership is awarded a bonus by the manufacturer for selling a crrtain number of its car monthly, but the dealership is just short of the quota ner the end of the month
A:
It may sell the remaining cars at huge discounts hit the quota
Q:
The rational actor paradigm assumes that people do NOT
A:
Use rules of thumb
Q:
Which of the followin is NOT one of the three problem-solving principles laid out in Chapter 1
A:
Under whose Jurisdiction
Mehr Karteikarten anzeigen
Q:
Why might welfare for low-income households reduce the prospensity to work?
A:
To reduces the incentive to work 
Q:
What is possible consequence of a performance compensation reward scheme?
A:
Both A and B
Q:
Why might a supermarket advertise low prices on certain high profile items and sell them at loss?
A:
The score will sell other groceries to the same customers, often at a mark up
Q:
Why might a bonus cap for executives be a bad policy foe the company
A:
It would encourage shirking after the executives reached the cap
Q:

an individuals  value for a good or services is

A:

the amount of money he or she is willing to pay for it

Q:

the biggest advantage of capitalism is that 

A:

all of the above

Q:
Why might performance compensation caps be bad?
A:
Compensation caps can discourage employees from being productive after the cap
Managerial Economics

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