Joanne is considering the purchase of a microwave oven and has four evaluative criteria. for each criterion, she has attached an importance weight ("w"), and each brand is evaluated on its performance on that criterion ("b"). then a rating is calculated by summing the product of the b's and w's on a criterion for each brand, and the brand with the highest overall rating is chosen. which type of decision rule is joanne using? a. conjunctive
b. disjunctive
c. lexicographic
d. elimination-by-aspects
e. compensatory

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.