When a manager makes decision then looks for information to justify the decision, it is called
a. implicit favorite model
b. bounded rationality model
c. econological model
d. none of the above
Ans: a. implicit favorite model
You might also like to view...
What results once tradable pollution permits have been allocated to firms?
a) The government controls the price of permits. b) The total amount of pollution governed by the permit will always decrease. c) The value of pollution-saving technology is always lower than the market value of a pollution permit. d) Firms that can reduce pollution only at high cost will be willing to pay the most for the pollution permits.
A monopolist can maximize profits by:
A. selling as much as he can produce. B. producing at the level of output at which MR = 0. C. following the same rules as a perfectly competitive firm. D. selling an output where P = ATC.