Author Question: Given that the world is filled with uncertainty A) managers need to assess the probabilities of ... (Read 32 times)

BrownTown3 · **on:** Jun 30, 2018

Given that the world is filled with uncertainty
A) managers need to assess the probabilities of certain outcomes.
B) managers need to avoid using game theory, as it is too complex to be of any help.
C) managers need to hire statisticians to calculate expected values.
D) none of these choices.

Question 2

If labor is the only variable input, an additional worker increases output from 72 to 78 units, and the product price is 6, the marginal revenue product from an additional worker:
a. is 6.
b. is 36.
c. is 78.
d. is 432.