Tài liệu Microeconomics for MBAs 8 pdf
Tài liệu Microeconomics for MBAs 8 pdf
... you work for Levi Straus and the demand for blue jeans suddenly increases.
Discuss possible short-run and long run movements of the market and the consequences
for your company.
8. If the ... investments than are needed for meeting the expected
future outflow of retirement payments. This is true, for example, of the California State
Employee Retirement System. Therefore, if the...
Tài liệu Microeconomics for MBAs 14 pdf
... Municipal Water
District (MWD) of Southern California, thwarted in its effort to obtain water from Northern California, has
begun negotiating for water from the IID. The MWD is willing to fund ... Southern California, for example, water is in short supply. Yet Los Angeles residents pay only
0.60 per thousand gallons—a quantity that costs the residents of Frankfurt, Germany, $2 .80 . It...
Tài liệu Microeconomics for MBAs 56 pdf
... cannot be that stockholders are better informed than voters.
Most stockholders are rationally ignorant or their companies’ doings, for the cost of
becoming informed outweighs the benefits. Even ... surplus P
2
P
3
a.
Fortunately government bureaucracies do not usually achieve perfect
maximization of size or waste. For one thing, most legislatures have at least some
information about...
Tài liệu Microeconomics for MBAs 57 pdf
...
Suppose, for example, that the investment of $100.00 (mostly in the form of leisure forgone) in
obtaining more information would raise the value of A from .5 to .8. Using the same amounts for the ...
recruits consider worth the effort. That is, the recruits must expect the future
(discounted) reward to compensate them for the extra effort they expend in the
tournament and for the...
Tài liệu Microeconomics for MBAs 26 pdf
... products when they have more information about that
quality than do buyers. But in the case of warranties it is the buyer who has crucial
information that is difficult for the seller to obtain. ... warranty.
8
Even though people would like to be able to reduce their risks by purchasing war-
ranties at prices that accurately reflect their expected repair bills, the market for these...
Tài liệu Microeconomics for MBAs 36 pdf
... long run, for one major reason. For both
periods, costs are known with reasonable precision. In the short run, firms know that beyond some point,
increases in the use of a resource (for example, ... an argument for
government direction of the nation’s development. They stress that competitors often do not know what
other firms are doing. Therefore they need guidance in the form of...
Tài liệu Microeconomics for MBAs 39 pdf
... x col. 2) (change in col. 3)
(1) (2) (3) (4)
0 $11 $ 0 $ 0
1 10 10 10
2 9 18 8
3 8 24 6
4 7 28 4
5 6 30 2
______________________________
FIGURE 12.1 The Monopolist’s Demand ... account for the $1 in revenue lost on the first yo-
yo in order to sell the second, the net revenue from the second yo-yo is $8 (the selling
price of $9 minus the $1 lost on the first yo...
Tài liệu Microeconomics for MBAs 44 pdf
... years, General Motors
has in fact moved into the market for electronics and robotics.
Oligopoly power remains a cause for concern. The basis for competition,
however, is the relative ability of ... early 1 980 s, when
several airlines filed for bankruptcy. Partial deregulation, begun in 1979, had increased
competition, depressing fares and profits. Fares began to rise again in 1...
Tài liệu Microeconomics for MBAs 6 doc
... people. Most
motel operators, for instance, have room for only a very small newsstand, and so they tend to
carry the mass-circulation weeklies and monthlies.
For their own reasons, consumers ... quantity at each price Q
3
instead of Q2 at price P
2
, for
example. They will also accept a lower price for each quantity P
1
instead of P2 for quantity
Q
2
. Conversely, the decr...