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Phoenix [80]
3 years ago
8

Gregory was talking with tom, his assistant manager, saying, "when i make a decision on which employee to pick to do a project,

i use three simple factors, which i call my decision making "rules of thumb." i consider their attitude and knowledge, and how hard they work." gregory's rules of thumb, which he uses in decision making, are known as _____.
Business
1 answer:
ivanzaharov [21]3 years ago
8 0
The answer to the question above is "heuristic" which is the rule of thumb used by Gregory in decision making. The heuristic is a simple rule of individual's mental processes through the development and learning. Gregory considers employees' attitude, knowledge, and hard work for the basis of his decision making. These are the developments and learnings of the employee which are the heuristic aspects<span>.</span>
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What is diminishing marginal returns?
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In economics, diminishing returns is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

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The market consensus is that Analog Electronic Corporation has an ROE = 9%, has a beta of 1.25, and plans to maintain indefinite
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Explanation:

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3 years ago
What is a subsidy wedge? the combined reduction in consumer surplus and producer surplus that results from a subsidy the amount
solmaris [256]

Answer:

the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

Explanation:

In Economics, subsidy can be defined as the amount of money or benefits such as tax reduction given by the government to sellers in order to sustain production and enable the buy to continuously purchase the product.

A subsidy wedge can be defined as the difference between the price that sellers receive and the price that buyers pay, resulting from a subsidy government cheese.

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3 years ago
What is a natural monopoly?
Lubov Fominskaja [6]

Answer:

D. A monopoly that results when one firm is able to produce at a lower cost than multiple firms, giving large firms with higher levels of output an advantage over smaller competitors.

A. Municipal Power Light, the local supplier of electricity.

Explanation: A natural monopoly is a monopoly enjoyed by a firm due to its large nature through which it is able to enjoy Economies of scale and produce at a reduced cost which other companies are unable to meet up with.

WITH A NATURAL MONOPOLY, A FIRM HAS A CONTROL OVER THE PRICE OF THE PRODUCT PRODUCED AND SERVICE RENDERED AS THERE ARE NO CLOSE SUBSTITUTE.

The municipal Power light, the local supply of power is an example of a firm that can enjoy Natural monopoly.

6 0
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