Author Question: In the diagram of the decision tree, what lies at the bottom, the roots? a. The basic decision ... (Read 190 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
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

  • Sr. Member
  • ****
  • Posts: 345
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library