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Newfoundland codfish sells at a competitively determined price of $10 per kilo. It costs a fisherman $1000 to operate his boat for one season. The total (province wide) catch of codfish (in kilos) is given by Q = 500N - N^2 where N is the number of fisherman. This means that each fisherman catches q = Q/N = 500 - N.
In absence of central planning, how many fishermen will operate in this industry? If the government were to control the fishing industry, and harvest the fishing grounds at a socially optimal rate so as to maximize the number of fish caught, how many fishermen would be employed? If the government were to charge a lump sum, annual license fee (in dollars) which sought to discourage over fishing how high should this fee be set in order to maximize the number of fish caught?
From your leadership style (as established in chapter one), which of these innovations is outside your comfort zone, explain why and what can you do to overcome this leadership obstacle.
Why is it important for leaders to understand motivation - Would you be able to provide me with a brief description along with two or three examples.
Any change in an organisation, regardless of size, has the potential to have large effects. Similar to the butterfly effect discussed in this week's lecture, changes can ripple outward in cyclical patterns of interaction, potentially affecting eve..
1. Market demand is given by P= 140-Q. The are two firms, each with unit costs= $20. Firms can chose any quantity. Find the Cournot equilibrium and compare it to the monopoly outcome and to the perfectly competitive outcome. Why aren't the latter ..
It is likely you have thought of an idea(s) for entrepreneurial new-economy ventures.what is the exchange rate among the U.S. dollar and the Mexican peso?
Descrbe why the business objectives of owners and managers are likely to diverge. How might owners attempt to ensure that managers act in their interests and not in the managers' own interests?
important information about records managementshow the importance of records management in maintaining a successful and
The actual cost of materials used to produce each unit is $ 20. Your tax rate will be 40% and the appropriate opportunity cost is 12%.
Write an essay on Innovation and Entrepreneurship in Developing Organizations
Evaluate and discuss Yahoo's organizational/corporate culture
James Lawson's Bed and Breakfast, in a small historic Mississippi town, must decide how to subdivide (remodel) the large old home that will become its inn.
1. Do all of Yum's business unit compete in the same fast-food industry, or does each compete in a different industry based on product type? Explain.
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