A person weighing uncertainty and risk is judging the ______ or likelihood of a good or bad outcome, a. Probability b. Perception c. Psychological extent d. Unwillingness ANSWER A
Date: September 9th, 2020
Two telephone networks that grant access so they can complete each others’ calls will be motivated to set efficient prices. Indicate whether the statement is true or false ANSWER F They can be motivated to set double mark ups, or to price with double marginalization, which is inefficient.
Date: September 9th, 2020
The U.S. Postal Service uses Ramsey pricing. Indicate whether the statement is true or false ANSWER F It is guided to a degree by Ramsey-pricing ideas and considers them, but its prices are not true Ramsey prices.
Date: September 9th, 2020
In the ___________ model of decision making, each decision builds on the previous one, forming a sequence of decisions, such as the steps involved in preparing a meal. a. Central-satellite b. Foa & Foa c. Elbing d. Chain ANSWER D
Date: September 9th, 2020
_________ can cloud the ability to make decisions or to accept decisions once they are made. a. Procrastination b. Integrity c. Self-doubt d. Boredom ANSWER C
Date: September 9th, 2020
A weighted output maximization could serve as a reasonable pricing guideline. Indicate whether the statement is true or false ANSWER T Such a pricing guideline would keep the firm from exploiting less elastic demand curves and allows the firm less discretion than the breakeven constraint, but it does not maximize welfare and is not […]
Date: September 9th, 2020
Earnings sharing regulation helped to improve a public utility’s profit seeking efficiency incentives. Indicate whether the statement is true or false ANSWER T By sharing gains in rate of return above the allowed level (instead of having it taken away), a public utility can be motivated to improve the rate of return.
Date: September 9th, 2020
The ________ refers to the situation when people are promoted beyond their level of competence. a. Peter Principle b. Abernathy Principle c. Delaney Principle d. Suskind Principle ANSWER A
Date: September 9th, 2020
__________ are conclusions or judgments about some issue or matter. a. Criteria b. Decisions c. Influences d. Problems ANSWER B
Date: September 9th, 2020
Unbundling mail services raises efficiency. Indicate whether the statement is true or false ANSWER T Others carry out postal functions only if they can perform them at lower cost than the U.S. Postal Service.
Date: September 9th, 2020
