Tài liệu Microeconomics for MBAs 20 doc
Tài liệu Microeconomics for MBAs 20 doc
... further removed from the local information available to workers at the bottom of the
pyramid. There is a need to process information up and down the pyramid. When the
information goes up, there are ... business travelers. For example, USAir
announced plans to provide a Business Select class (featuring roomier seats and better meals)
for those business travelers who pay full fare for...
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...
Tài liệu Microeconomics for MBAs 9 docx
... mathematical formula for computing the present value of future costs or benefits received one year
from now is PV = [1/(1 + r)] f, where PV stands for present value, r for the rater of interest, and f for ... benefits in a graph.
10. Henry Ford more than doubled his workers’ wages. Did worker real income double by
Ford’s pay policy? Reflecting on the general principles behind Ford’...
Tài liệu Microeconomics for MBAs 10 docx
... on that
information. People cannot assimilate all the information they need to make
rational choices, however. People do lack information, and they could make
better choices if information ... payments and fringe
benefits for unionized retirees at the same time they negotiate the pay packages for the
current workers. Even when retirement benefits are fixed for retirees’ lives, the...
Tài liệu Microeconomics for MBAs 12 docx
... concern for the poor, who
may be unable to afford the information necessary to make an informed choice. The poor
may also be the least capable of understanding technical product information, ... The market demand for information, like the market demand for protective
bumpers, will not fully reflect its social benefits. Because of external benefits, the
quantity of information produc...
Tài liệu Microeconomics for MBAs 13 doc
... advantage in pricing
their products.
When Congress forces employers to pay more in money wages, it also forces
them to pay less in other forms, most notably in fringe benefits. If there are ... Second,
market forces will largely neutralize the potential negative employment effects of
whatever wage increase is legislated.
Concluding Comments
The market system can perform the very...
Tài liệu Microeconomics for MBAs 17 doc
... departments and, for larger projects, across
departments. However, “teams” also present problems in the form of opportunities for
shirking (which should be self–evident to many MBA students who form their ... the
most common form of business organization and also the form that contributed most to
national production. As it is, while proprietorships outnumber other business forms (for...
Tài liệu Microeconomics for MBAs 18 docx
... tried, which forced the team members to think
competitively, had median initial effort levels on par with the initial effort levels
observed under forcing contracts. However, the effort level ... that the history of the team performance matters: the higher the
team performance at the start, the greater the team performance thereafter (although the
effort level might be declining over ......
Tài liệu Microeconomics for MBAs 22 docx
... uniform amount for each worker and in which the provision of the fringe has no
impact on worker productivity, but increases the value of work and increases the supply of
Chapter 6. Reasons for ...
percentage of monthly sales, for the right to use a brand name and/or trademark for
example, the name “McDonalds” along with the “golden arches.”
Chapter 6. Reasons for Firm Incenti...
Tài liệu Microeconomics for MBAs 25 docx
... $ 100 $ 200 $ 200 $ 600 $1,000
Second unit 200 600 400 1,000 2,000
Third unit 400 1,800 600 1,400 3,000
Fourth unit 800 5,400 800 1,800 4,000
Fifth unit 1,600 16 ,200 1,000 2 ,200 5,000 ... of $201 , they
demand only twenty-one. A wants only three, for it will cost less to clean up its first two
units (at costs of $100 and $200 ) than to buy rights to emit them at a price of $2...
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