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Measuring performance:
If public opinion surveys show that the majority of Americans regard inflation as a more serious threat than unemployment:
a) Does this imply that the majority of Americans would rather be unemployed in a period of stable prices than employed in a time of rising prices?
b) If the management of a firm allowed employees to vote on whether the firm should lay off 10% of the employees or reduce wage rates by 5%, how do you think they would vote? Do you think the outcome of the vote would depend on whether the employees knew in advance exactly who would be laid off?
Average cost includes both fixed and variable costs, whereas the marginal costs include only variable costs. Therefore, marginal cost is never greater than the average cost." Comment on this statement.
GM is opening a dealership in the Germany, they want to make sure they can make a rate of 20% rate of return that is promised by an alternative investment. The initial $600K investment in mechanic shop materials has an economic life of 4 years, and w..
Consider a game between a parent and a child. The child can choose to be good (G) or bad (B); the parent can punish the child (P) or not (N). The child gets enjoyment worth a 1 from bad behavior, but hurt worth -2 from punishment. Thus a child who be..
A firm's marginal revenue is $133 and its marginal cost is #90 illustrate what amount of profit does the firm fail to pick up by refusing to incease output by one unit.
q1. you have a part-time work-study job at the library that pays 10 per hour 3 hours per day on saturdays and sundays.
Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
Describe what you learned about change management; include your personal perspective on your learning of the concepts on change management as explored through the modules of this course.
Given a production Yt=(Abar)Kt^(1/3)Lt^(2/3) and K*=1000 and Abar=3/2. and also there are Lbar=1000 workers who supply labor in elastically. What does the long run model say wage in this economy is?
The value of cross price elasticity of demand between goods A and B is 0.75, while the cross price elasticity of demand between goods A and C is -1.38. Characterize A & B and A & C as substitutes or complements. Explain why this is the case.
What effect do increased regulations have upon a country's PPF and where the economy produces on the PPF? Do regulations cause the PPF to shift?
indicating how it will influence your decision to open the pizza business in your town or community. Explain any additional variables that may improve the coefficient of determination.
q1. if one defines incremental cost as the change in total cost resulting from a decision and incremental revenue as
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