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A very large organisation undertook a survey of their employees. They wanted to know what proportion of employees would use an office crèche if made available. 14% of employees were found to have children younger than school age and so could use a crèche. Of these employees, 31% then indicated they would use an office crèche if made available. What proportion of the organisation's employees would use an office crèche (as a decimal to 3 decimal places)?
A person who is not employed and claims to be trying hard to find a job but really is not trying hard to find a job. Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate is. Frictional unemployment results from
According Harvard business professor Michael Porter, which of the following is NOT a viable strategy to achieve competitive advantage? According to Maslow, which need is the highest human motivational priority? The market is largest and competition i..
Illustrate what happens if the insurance plan reduces the deductible to zero. What happens if the coinsurance rate is increased.
How are prices determined under perfect competition? Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry. What market structure would this i..
Application Coal mining believes that it can increase labour productivity and, therefore, net revenue by reducing air pollution in its mines. Explain how much pollution reduction should Appalachian Coal Mining Undertake.
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to
Managers regularly face the choice of increasing advertising expense or reducing price to increase sales in the Oligopoly market structure. Suppose you have the following information.
The present price (year 0) of kerosene is $4.30 per gallon, and its cost is expected to increase by 10% per year. (At the end of year 1, kerosene will cost $4.73 per gallon.) Mr. Garcia uses about 800 gallons of kerosene for space heating during a wi..
1. Explain one strength and one weakness of the single payer model for national health plan
Explore the possible forms of technical economies likely exploited by Netflix and its content creation partners?
Automated data collection has fostered the use of data mining for crime detection.
Estimate the number of workers in the sample who are union members by giving the mean of the relevant distribution
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