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Author Question: In the diagram of the decision tree, what lies at the bottom, the roots? a. The basic decision ... (Read 198 times)

ARLKQ

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on: Jul 1, 2018
In the diagram of the decision tree, what lies at the bottom, the roots?
 
  a. The basic decision
  b. The alternatives
  c. Resources
  d. Values

Question 2

We know the goal of a budget-constrained public enterprise.
 
  Indicate whether the statement is true or false


johnpizzaz

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

F Many possible goals might be pursued by a budget-constrained public enterprise, so for any one enterprise it is not easy to know its goal. It could try to control cost and pursue welfare through Ramsey pricing, or it could try to maximize revenue. The budget constraint is not a very confining limitation on its behavior.


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