MBA Degree Programs Every year various business magazines rank the quality of the different MBA programs. Why don't all prospective students flock to the highest ranked program?
This is an application of the indifference principle. All else equal, students would choose the higher ranked programs. But all else is not equal. Some differences include the cost of attending, differences in location (cost of living, etc.), cost in application preparation which will make students indifferent between a higher ranked and lower ranked program.
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Refer to Table 15-4. What is Shakti's profit-maximizing output?
A) 4 units B) 5 units C) 6 units D) 7 units
Author A accepts a $5,000 advance and a 10% royalty after 5,000 books are sold. Author B foregoes the advance and negotiates for a 15% royalty on all books sold. Author C decides to self publish his book and keep 50% of all sales revenue. Which of these authors is most likely to have 10 books published?
A) Author A B) Author B C) Author C D) They are all equally likely.