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Chandra decided that she doesn't like salsa, yet she still plans to go the next lesson because it doesn't cost her anything. Evaluate Chandra's logic.
You have a friend who runs up a balance on his credit card by buying new furniture. Explain to your friend how he could manage his finances more sensibly.
Which can take a few days. Vicki still prefers for her customers to put her tip on their credit card. Why might Vicki have this preference?
Determine the probability of each of the following events occurring.
By how much would you need to value the director's cut over the theatrical version for it to make sense for you to sell the version you bought?
Based on this information, how much would you have to enjoy the next bowling game, expressed in terms of dollars, to play another game?
What was the opportunity cost of acquiring the iPod? What is the opportunity cost of choosing to keep the iPod?
If Jamie were to withdraw the $1,500 from her savings account to finance the trip, how much interest would she forgo? How much will she pay in interest?
Consider a representative consumer with A budg et of $ 4 00 in world with two consumer goods X and Y.
What will your credit card balance be in one year? Assume no additional credit card payments during this time.
The company uses a fixed-quantity inventory system (FQS) to manage their stock. The online retailer operates 52 weeks per year and 7 days per week.
Why is strategic behavior required to win a presidential election? Describe some of the rules, strategies, and payoffs that define this game in the real world.
What is the noncooperative outcome, and why does it occur? What is the cooperative outcome, and how could the neighbors achieve this outcome?
Toni and Kala are new coworkers. They make a plan to go out together every Thursday night. Explain why Kala is likely to be disappointed.
Use backward induction to determine what you should do to work toward that goal right now and describe each step in your logic.
You are playing a game with a friend. It's your move but you don't have a dominant strategy. Explain how using backward induction will determine your next move.
How could Muriel improve her strategy if she wants to stay at her current job and be better rewarded?
Explain why you are likely to get lower offers from used-car dealers if they find out that you are moving away soon.
Which of the following is least likely to be a reason why small businesses fail to develop business plans:
Think of moneylenders as credit agents operating in a monopolistic environment. Explain the social inefficiencies in this scenario.
Discuss why decision making is central to the role of the manager. Illustrate your answer by referring to at least two different types of managers.
Moral hazard is a problem because poor borrowers lack collateral. Why Would you expect borrowers to take this risk?
A microfinance institution aims to break even. In plain and clear language, explain why this is the case.
What would you identify as some of the key strategic initiatives that firms in the tourism space, such as Ardent Leisure, should be considering?
Briefly explain the main insights gained from this ex ante moral hazard exercise for the particular case of microfinance institutions.