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Quiz4 ? Question 1 1 out of 1 points The general rule to increase profits when two close substitute brands are jointly owned is Selected Answer: b. Increase prices for both brands Answers: a. Increase prices on one brand, keeping the prices of the second brand constant b. Increase prices for both brands c. Increase prices on one brand, decreasing it for the other d. Decrease prices for both brands ? Question 2 1 out of 1 points Upon acquiring a complement the inter-relatedness of de...

Managerial Economics Week 6 ? Question 1 1 out of 1 points Jim is haggling with a car dealer over the sale price of a used car. When he entered the store, the storekeeper was already haggling with the other customer. His bargaining position could get worse if Selected Answer: b. Another customer enters the store, interested in the car Answers: a. The customer leaves b. Another customer enters the store, interested in the car c. He gets an offer from another seller d. All of the ab...

? In a two-person repeated game, a tit-for-tat strategy is: ? When each player pursues his or her own self-interest without any cooperation. ? When players start off as noncooperative and then cooperate when one or both players show interest in colluding. ? When players start by cooperating and then mimic the other player's last move . ? When neither player defects. ? Question Points: 3.33333 / 3.33333 ? 2 Moral hazard implies that: ? Insured individuals exercise less care because they have ...

Spring 2020 - Managerial Economics Quiz 7 ? Question 1 1 out of 1 points A firm hiring only MBAs, regardless of the self-professed skill set is an example of Selected Answer: a. Screening mechanism Answers: a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above ? Question 2 1 out of 1 points The components of a well-run incentive compensation scheme include all of the following EXCEPT Selected Answer: d. demonstrating that evaluators can be influ...

This study source was downloaded by 100000832882090 from CourseHero.com on 04-08-2024 16:52:09 GMT -05:00 https://www.coursehero.com/file/144381310/Mod-6-quiz3docx/ In an M-form organization a. The number of divisional conflicts are reduced b. Decision making speed increases c. Customer retention tends to increase d. All of the above Hide Feedback Correct Solution Correct Response d A telecommunication company divided into different divisions for residential and business Internet servi...

E C O N 6 01 E XAM 2 1 . W hic h o f th e fo llo w in g is a n e xa m ple o f th e “ m ete rin g” s tr a te gy? a . A d oll c o m pany s e llin g d olls a t a c o st b ut c h arg in g h ig h m arg in s o n d oll a cce sso rie s b . A c e ll p hone c o m pany o ff e rs fr e e lo cke d in p hones b ut c h arg e s h ig h p ric e s p er c a ll c . A c a te rin g c o m pany p ays it s c h efs h ig her w ages to m ake s u re th at b arg a in m ea ls a re ju st s lig htl...

Chapters 13-23 Managerial Economics Study Guide Week 5 price discrimination is the practice of charging different prices to different buyers or groups of buyers based on differences in demand. Charging lower prices to low-value consumers also means that you charge high-value customers higher prices, making the practice controversial. Under direct price discrimination , we can identify members of the low-value group, charge them a lower price, and prevent them from reselling their lower-p...

1 . Individual Problems 4-1 Which of the following is an example of an extent decision? Children in poor neighborhoods often have bleak outlooks on life and see little gain from studying. In a recent experiment, children in poor neighborhoods were paid $100 for each A they earned during a six- week grade reporting cycle. 2Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over the next 6 weeks, the student has a math clas...

Ecn501 Week 1 2. Individual Problems 1-2 The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. Compensation of the new vice president is a flat salary plus 75% of the first $150,000 profit, then 10% of profit over $150,000. The goal of the owners of the firm is to maximize profits. True or False: This contract does not align the incentives of the new vice president with the profitabil...

1. All of these are characteristics of a competitive industry, except: a. Many substitutes b. No barriers to entry c. Homogenous product d. Little or no information on rivals’ products ANSWER: d TOPICS: Section 1: Competitive Industries 2. Which of the following markets are closest to perfectly competitive a. The market for smart phones b. The market for generic pharmaceuticals c. The market for sport shoes d. The market for fast food ANSWER: ...