What is the rule for utility maximizing? What are the characteristics of relative scarcity? Define crowding out. What is behavioral targeting? How should we deal with adverse selection? What are quotas in Economics? What is the consumer's budget constraint?
What is the profit maximizing rule for a monopolist? A monopolist maximizes profits where MC 20 and the elasticity of consumer demand is equal to 2. What price maximizes monopoly profits? What does a monopolistically competitive ...
others. But Mill argues that people can misinterpret any moral doctrine this way, for every rule has exceptions. At least utilitarianism gives people a way to decide between different“secondary” moral principleswhen they come in conflict: people can appeal to the “first principle” ofutility....
Two types of aggregate planning strategies are level strategy and chase strategy. The third approach is utilizing the best of both methods. Level strategy This is also known as aproduction-smoothing planor a stable plan. It focuses on maintaining consistent production levels and managing the workfor...
Sumo Logic has launched a Self-Service Checkout feature which allows new signups and existing free trial users to autonomously select, and upgrade their pricing plans without the need for sales team assistance. This enhancement is part of our strategy aiming to provide an intuitive and accessible...
The American conversation about high-speed rail has an internal debate that greatly bothers me, about whether investments should be incremental or not. An interview with the author of a new book about the Northeast Corridor reminded me of this; this is n
The rule of three will keep your customers’ attention on your product displays longer. This also alludes to the pyramid principle, where if you have one item at the top and all other items “one step below,” it forces the eye to look at the focal point and then work its way down....
11. Although we cannot control our destiny, we can control how to deal with our fate. In leadership, this kind of response is critical; it involves the top and bottom of the team. 2. The best kind of leadership is to “rule by doing nothing” ...
The creed which accepts as the foundation of morals utility, or the greatest happiness principle, holds that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness. By happiness is intended pleasure, and the absence of pain; b...
A taxable event is any transaction that may result in taxes being owed to a federal, state, or local government. Taxable events include receiving a paycheck or shopping.