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Job Auction
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. In cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. When outside bidders won, there was little productivity improvement. If incumbent managers were not generally more qualified, how can you explain this result?
business behavior and public policy1. define market power and then discuss the rationale for government regulation of
Suppose you make 15 annual deposits of $1,000 each into a bank account paying 5% interest per year. The first deposit will be one year from today. How much can be withdrawn immediately following the 15th deposit?
Find a market price for hydrogen gas and normalize the energy content compared to the current local price of gasoline. Using octane as an approximation for gasoline energy content, compare the cost per kilojoule of energy of hydrogen to gasoline.
for every penny that the price of gasoline goes up the U.S. postal service experiance a monthly fuel cost increase of $8 million. State what assumptions you need to make to answer this question
historically shifts towards a more expansionary monetary policy have often been associated with increases in real
in a competitive industry the short-run average variable cost avc of a firm isavc 600 - 20q - 0.5q2a. derive the firms
breakaway tours inc. has estimated the following multiplicative demand function for packaged holiday tours in the
Define inflation.Assume that you live in a simple economy in which only three goods are produced and traded: fish, fruit, and meat. Suppose that on January 1, 2010, fish sold for $2.50 per pound, meat was $3.00 per pound, and fruit was $1.50 per poun..
Derive the firm's supply curve, expressing quantity as a function of price. Derive the market supply curve if North Carolina Textiles is one of 1,000 competitors. Calculate market supply per day at a market price of $47 per unit.
Green Shield has a 25 percent copayment clause, and a loading factor of 65 percent. NEMO will pay 50 percent of the plan costs. What is the annual and monthly premiums charged to the employees of NEMO corporation?
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define the inflation rate. b explain how the cpi differs from the ppi as a measure of the u.s. inflation rate. c why is
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