--%>
Assignment Help - homework help

Uncertainty and Decision-making

I have a problem in economics on Uncertainty and Decision-making. Please help me in the following question. The error of omission would be: (i) The failure of an individual to invest in Microsoft 20 years ago. (ii) Individual cheating on a test. (iii) The decision by Ford to manufacture the Edsel. (iv) Individual’s decision to drink and drive.

Choose the right option from the above.

   Related Questions in Microeconomics

  • Q : About greatest economy Does Europe and-

    Does Europe and- USA or China have the greatest economy?

    		•
  • Q : Boycotts concerning problem People who

    People who decline to buy the products of a firm whose activities they disapprove, especially whenever such rejection is intended to support the employees who are on strike, and who advise others to not purchase such products, or to not deal with these firms, are enga

    		•
  • Q : Concept of Horizontal Equity Equity of

    Equity of fairness is an ambiguous idea, in part since people’s personal qualities can vary greatly. Conversely, that policymakers should treat people equally when they are roughly identical in the characteristics thought relevant for government policies is exte

    		•
  • Q : Supply of labor in perfectly

    Supply of labor in perfectly competitive market

    		•
  • Q : Problem on Budget constraints James and

    James and Louisa each have an income of $30, which they each spend on tomatoes and all other goods.  They buy tomatoes at their local farmers market, which charges $3 per pound.  Define the units for all other goods so that their price is $1 per unit. 

    		•
  • Q : Efficiency of monopolistic competition

    Defenders of the efficiency of monopolistic competition are mainly persuasive when they insist which: (w) consumers benefit greatly from product differentiation. (x) any inefficiency is far less harmful than that of pure monopoly. (y) pure competition

    		•
  • Q : Market experience increases in quantity

    When equilibrium moves from point a to point b, the merely market experiencing raise within quantity supplied is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Total fixed costs of purely competitive

    Such lumber mill has incurred total fixed costs which average approximately: (1) $300 daily. (2) $500 per day. (3) $700 Per day. (4) $900 per day (5) $1100 per day.

    Q : Profit maximization of an output level

    Profit is maximized when this brickyard manufactures an output level of: (1) 6,000 generic bricks daily. (2) 7,000 generic bricks daily. (3) 15,000 generic bricks daily. (4) 17,000 generic bricks daily. (5) 20,000 generic bricks daily.

    Q : Economic good becomes an economic bad

    Economic good becomes an economic bad whenever consumption is expanded into an area where: (1) Marginal returns are reducing. (2) Sellers experience an honest hazard. (3) Marginal utility is negative. (4) Buyers suffer from unfavorable choice. (5) Exc

    		•