The manager of the eris shoe company must decide whether or not to contract a controversial sports celebrity as its spokesperson. the new spokesperson's value to eris depends heavily on consumers' perception of him. an initial decision analysis based on available data reveals that the expected monetary value of contracting the new spokesperson is $260,000. for $50,000 eris can engage a market research firm that will eris learn more about how consumers might react to the celebrity. the emv of buying this sample information (assuming it is free) for this decision is $300,000. the tree below summarizes eris's decision. based on emv analysis, what should eris's manager do?

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of: