### Hiring employees

Assignment Help Microeconomics
##### Reference no: EM13696002

Hiring Employees

You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can’t distinguish among them:

Employee Value       Probability

\$50,000                0.25

\$60,000                0.25

\$70,000                0.25

\$80,000                0.25

What is the expected value of four employees you hire?

#### Pattern of change in a particular market model

Choose an Oligopoly and describe the industry and explain the general pattern of change of the particular market model and hypothesize the basic short-run and long-run behavio

#### Identify a market which you feel is perfectly competitive

Identify a market which you feel is perfectly competitive. The firms in this structure are considered price takers, are the firms in the market you chose all selling their pro

#### Theory of the firm and market structures

Subject matter includes production and cost theory, theory of the firm, market structures, game theory, and externalities and factor market analysis. This is a core theory c

#### How would contributions to political campaigns be affected

If the power of special interest were reduced for example, through the adoption of supra-majority voting rule, would economic efficiency improve How would contributions to p

#### Write the household budget constraint

A household splits its \$4,000 monthly income between necessity and luxury goods. The average price of necessities is \$30 per unit and that of luxuries is \$100 per unit. Writ

#### Determine the elasticities for each independent variable

Compute the elasticities for each independent variable. Determine the implications for each of computed elasticities for the business in terms of short-term and long-term pri

#### The world relative price of a cars

Now suppose the world relative price of a cars is Pc/Ptv=1. A) In what good will each country specialize? Briefly explain why. B) Graph the new world price line for each count

#### Explain thoreaus thoughts on luxuries

Explain Thoreau's thoughts on luxuries. Explain how he manages his time: ie., how much time does he spend earning money for his expenses? According to Thoreau, what do most pe