Finding relate to economist''s traditional focus, Macroeconomics

Recently, a bank was trying to decide what fee to charge for "expedited payments" - payments that the bank would transmit extra-speedily to enable customers to avoid late fees on cable TV bills, electric bills, and the like. To try to determine what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services that exceeded the maximum fees that they said they were willing to pay. How does the bank's finding relate to economist's traditional focus on what people do, rather than what they say they will do?

 

Posted Date: 3/21/2013 6:36:23 AM | Location : United States







Related Discussions:- Finding relate to economist''s traditional focus, Assignment Help, Ask Question on Finding relate to economist''s traditional focus, Get Answer, Expert's Help, Finding relate to economist''s traditional focus Discussions

Write discussion on Finding relate to economist''s traditional focus
Your posts are moderated
Related Questions
The employment-population ratio gives the number of people: Select one: a. working. b. working as a percentage of the number of people available to work. c. in the labor force.

using the marginal utility theory explain the consumption patten of consumers

Trade barriers come in a lot of forms. Quota is one. This is when a country sets a limit to the imported products. This is completed for a number of reasons. One is due to the gove

Explain the excise terms of tax. The excise terms of tax: a. Tax incidence b. Excess burden c. Deadweight loss d. Tax revenue

The Risk and Term Structure of Interest Rates Expectations Theory and Bond Maturity Level Analysis Prepare calculations and a one to two page analysis, following the APA 6th edi

Please answer the question below relating it to BUSINESS in today's world. What are the major tenents of the ethical theory of Utilitarianism, and how would this theory be appli

What are the advantages of leaving resource allocation to price allocation? Ans) The 5 benefits are Neutral, Flexible, Freedom of choice, No administrative cost and lastly Dimin

Critically explain why interest rates are pro-cyclical, using the supply and demand for bonds framework.

What does a shift in the demand to the right mean? Why does the demand curve shift?

What are the international economic crisis A current account surplus can only take place in one nation if there is a current account shortage in another country. So it makes no