Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
Chapter 16.4, Problem 3ST
To determine

Explain the profit of a firm as a signal in an economy.

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1. What is an example of a company that uses a signal to help sell its product. What is the signal? 2. What information is the signal trying to convey? 3. Is the signal effective? Why or why not?
A new product is built and ready to launch. If successful, it will lead to a profit of $50,000. If it is unsuccessful, it will lead to a loss of $30,000. What probability of success would make the company indifferent about launching the product? Enter as a decimal (not a percentage).
Economic data and the signals they contain are central to business conditions analysis. What are examples for the telecommunications industry of what is meant by a direct signal and an indirect signal?
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