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Which of the following is not correct?
a. Some economists believe that business owners who emphasize profit maximization will hire the most productive workers regardless of the personal characteristics of the worker; hence, these firms will drive discriminating firms out of business.
b. Two economists found that women were less likely to participate in an experiment where they were paid based on math skills but more likely to participate when they were paid based on reading skills; men were more likely to participate when they were paid based on math skills and less likely to participate when they were paid based on reading skills.
c. Economists found that the prices of older baseball cards were about 10 percent lower when the player was black rather than white.
d. Two economists found that employers in Boston and Chicago were about 50 percent more likely to interview job applicants named Emily and Greg than those named Lakisha and Jamal.
Consider a small modification to the one period labor supply problem that we studied in class. Specifically, assume that the individual seeks to maximize utility, U(C) + V(Leisure) subject to the budget equation PC = W L + D. The only new element in ..
Locate two recent articles regarding the current global economic crisis.
Describe an example of a person who is taking advantage of resources, and another example of a person who is not taking advnatage of resources. Discuss the positive and negative consequences of taking advantage of resources.
This is a business law question there is now select subject for business law so I chose economic Miller, R. (2013). Fundamentals of Business Law: Describe the value of having a will or a trust.
You are the manager of a firm that plans to expand the human resource base of its operation by hiring additional business school graduates over the next few years. That same article reports that the shakeup of upper-management is over at U.S. firms, ..
Illustrate what alternative decisions might you be able to make in the long run. Explain" "Clearly explain the factors to consider as your "fixed factor".
Price higher in monopoly market. Bigger quantity in perfect competition. How can a firm gain by reducing competition.
The application of current US antitrust law
A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
Bart is a new engineering graduate that decides to purchase a new automobile costing $25,000. He can only afford a down payment of $5,000 and must finance remaining $20.000. The dealership offers financing at 15% per year, compounded monthly over a 5..
What are examples of a perfectly/purely competitive firms that you have recently purchased a product from in the last couple of months? Explain how you relate your answer to the market characteristics.
A mine is for sale for $240,000. It is believed the mine will produce a profit of $65,000 the first year, but the profit will decline $5,000 a year after that, eventually reaching zero, whereupon the mine will be worthless. What rate of return would ..
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