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Question: Your manager has a bigger office than you do to show that your company values rank and position within the organization.
Despite the fact that he is now retired, Costco employees still talk about how Jim Sinegal lives his principles of corporate responsibility. Not only did he spearhead Costco's purchase of Rwandan coffee, he is now sponsoring a school where Rwandan women can learn how to run their own businesses.
At a local university, students talk about being able to retake an exam three times as a way of showing how committed the school is to helping them learn.
"I see that your shoes are ‘buy one, get one free - limit one free pair per customer.' Will you sell me one pair for half-price" The clerk answered, "I can't do that." When the customer started to leave the store, the clerk hastily offered,
What is the main difference between economic and accounting profits? Explain how a rise in the minimum wage affects job losses
Two random variables X and Y have the probability functions: A joint probability is:P(X = 2 and Y = 1) = 0.2. Find the conditional probability function.
The present value of an infinite stream of dollar payments of $z (that starts next year) is $z> i when the nominal interest rate, i, is constant. This formula gives the price of a consol-a bond paying a fixed nominal payment each year, forever.
How would you handle their unique case? What questions would you want to ask and what factors should you consider? Why? How will these factors influence the advice you give the Hastings?
Discuss why you believe that the FOMC has made such a decision, and explain the consequences of such a decision on the economy.
Briefly describe price discrimination of the 1st, 2nd, and 3rd degrees. Also, state what conditions have to be fulfilled in order to use the different types of price discrimination by a monopoly firm.
Is education a public good? Does it have public good characteristics? If so, what should public policy toward education be?
Parents decided to set aside money for their child's higher education. The objective is to provide $35,000 in today's dollars after 17 years.
Explain the human-capital view of education and the signaling view of education.
A single-price monopolist whose marginal costs are zero receives a government subsidy of $1 for every unit of output it produces.
Calculate the percentage decrease in quantity due to 10% increase in price - what would be the change in the demand for college and university education?
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