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In a study of the effectiveness of "please don't litter" requests on supermarket fliers, Geller, Witmer, and Orebaugh (1976) found that the probability that a flier carrying a "do not litter" message would end up in the trash, if what people do with fliers is independent of the message that is on them, was .033. I also said that 4.5% of those messages actually ended up in the trash. What does this tell you about the effectiveness of messages?
sarita signed up with netflix for a fixed fee of 16.99 per month. for this fee she can receive up to 3 dvds at a time
collect data and information about the current economy using legitimate business publications and government website
What is the approximate Herfindahl index? What is the four-firm concentration ratio?
Do you agree with the following statement? Whenever the potential injurer has full control over the probability of an accident, both strict liability and simple negligence result in efficient precaution level by the potential injurer.
Many consumers view a well-known brand name as a signal of quality and will pay more for a brand-name product (e.g., Bayer aspirin instead of generic aspirin, or Birds Eye frozen vegetables instead of the super- market's own brand). Can a brand na..
The demand curve for a product is given by P=60-3Qd, where P is the price of the product and Qd is the quantity demanded for the product.
Based on the Theory of Consumer Behavior discussed in Chapter Eight, why would consumers start buying iPads in larger numbers instead of larger computers as they did in past decades?
The marginal revenue curve of a monopoly crosses its marginal cost curve at $30 per unit, and an output of 2 million units. The price that consumers are willing and able to pay for this output is $40 per unit.
What is meant by the statement that China “is labor-abundant and land scarce.”? What affect does that fact on China’s willingness to trade?
What is the principal-agent problem? When will the principal-agent problem be most severe? Why might there be a principal-agent problem between the stockholder-owners and the managers of a large corporation?
The firm has an employee who threatens to tell all other firms in the industry about how to implement this new technique. Will it be possible to bribe the employee not to do this Explain why or why not. c What factors will determine the best numbe..
How much output should the firm produce to maximize profit
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