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iren2701 [21]
3 years ago
7

What is a defining characteristic of Homo economicus? A. He often gambles for large but unlikely rewards B. He will buy a good e

xpecting to sell it for higher price C. He changes his decisions base on context D. He desires to maximize gains and minimize losses
Business
1 answer:
sladkih [1.3K]3 years ago
3 0

Answer:

Letter D is correct. <u> He desires to maximize gains and minimize losses.</u>

Explanation:

Homo economicus has as its central characteristic the rationality with which it makes its decisions. Through rational choice theory he is able to analyze situations where he can maximize perceived benefits and mitigate risks, through a systemic and fully rational process he is able to analyze available information that will determine possible short and long term gains and risks. term, and make your decision based on the possibility that will most attract rewards.

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Suppose that three firms make up the entire wig manufacturing industry. One has a 60% market share, and the other two have a 20%
mr_godi [17]

Answer:

4400

Increase

c. An index of 10,000 corresponds to a monopoly firm with 100% market share

Explanation:

Here are the options to the last question

Why is the largest possible value of the Herfindahl index 10,000 ?

a. An index of 10,000 corresponds to 100 firms with a 1% market share each

b. An industry with an index higher than 10,000 is automatically regulated by the Justice Department

c. An index of 10,000 corresponds to a monopoly firm with 100% market share

HHI index = 60²  + 20² + 20² = 4400

If one of the firms leaves the industry, the market share would be distributed between the two firms and this would cause the HHI index to increase as firm's concentration would increase

If only one firm operates in the industry, its market share would be 100% and its HHI index would be 100² = 10,000. For an industry to exist there has to be at least one firm operating in the industry,

7 0
2 years ago
Lester's is a globally diverse company with multiple divisions and a cost of capital of 15.8 percent. Med, Inc., is a specialty
eimsori [14]

Answer:

both companies should invest because the NPV of both companies are positive

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 = - $8.4 million

Cash flow in year 1-7 =  $2.2 million

NPV of Lester with I of 15.8% = 0.54 million

NPV of Med Inc with I of 13.7% = 1.12 million

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

0.54

1.12

5 0
3 years ago
Conflict is ____.
riadik2000 [5.3K]

Answer:

A. unavoidable

Explanation:

Conflict is unavoidable because it doesn't matter what you do because other people could still cause conflict with you.

8 0
3 years ago
Which of the following is one way the Federal Reserve Bank serves the government?
Andrews [41]

Answer:

making loans to the government

3 0
2 years ago
The local furniture store will purchase outdoor furniture only during the winter months because the manufacturer offers a better
xz_007 [3.2K]

Answer:

The correct answer is: seasonal discount.

Explanation:

Seasonal discounts are store offerings by which their products are sold at a lower price during specific periods due to changes in seasons. For instance, winter clothing tends to be cheaper during the spring or summer because most people do not purchase them during those seasons. Then, retailers lower the prices to boosts sales.

4 0
3 years ago
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