Exam (elaborations)
AQA-Z MANAGERIAL ECONOMICS EXAM QUESTIONS AND ANSWERS 2025/2026 UPDATE WITH COMPLETE SOLUTIONS (GRADED A+) DETAILED ANSWERS!!
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Two steps to problem solving - 1) figure out why mistakes are being made 2) figure out how to prevent future mistakes rational-actor paradigm - assumption that people act rationally, optimally and self interestedly To change behavior, what should you change? - incentives What is a good workplace incentive? - rewarding good performance What three questions should you ask to analyze a problem? - 1) Who is making the bad decision? 2) Does the decision maker have enough information to make a good decision? 3) Does the decision maker have the incentive to make a good decision?
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aqa z managerial economics exam questions and ans
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