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...

Ngày tải lên: 15/12/2013, 10:15

... 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 company ... 7. Suppose 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...

Ngày tải lên: 15/12/2013, 10:15

... 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 ... means for ordering behavior. If, for example, we have only a rudimentary understanding of how the market works and fail to appreciate with sufficient clarity the limitations of cooperative...

Ngày tải lên: 15/12/2013, 10:15

... 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...

Ngày tải lên: 15/12/2013, 10:15

... 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. ... Small children shy away from doing things for which they have recently been punished. When lines for movie tickets become long, some people go elsewhere for entertainment. On an intui...

Ngày tải lên: 24/12/2013, 17:15

... 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...

Ngày tải lên: 21/01/2014, 22:20

... will assume there is a demand for these products.) The cost of producing the first yo-yo is $0.50, but you can sell it for $0.75. Your profit on that unit is therefore $0.25 ($0.75 - $0.50). If ... charged for Q 2 yo-yos is P 1. (Remember, the demand curve indicates the price that can be charged for any quantity.) Of all the possible price-quantity combinations on the demand cur...

Ngày tải lên: 26/01/2014, 18:20

... 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 ... marginal cost with marginal revenue. It charges the highest price the market will bear for that quantity, P d , forcing the market price down to P d in part (a). The dominant produce...

Ngày tải lên: 26/01/2014, 18:20

Ngày tải lên: 20/12/2013, 18:15

... 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...

Ngày tải lên: 15/12/2013, 10:15