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Provide an example of costly monitoring in the healthcare workplace. Can you think of an employment contract that would allow a reduction in monitoring without a reduction in quality?
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
You have begun saving for retirement. You will initially save 2500/year and plan to increase your contributions by 5% per year A) If the retirement plan has made 8% per year how much will you have saved in your account after 38 years? B What will you..
Evaluate the institutionalist economists. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
Define asymmetric information. Distinguish between hidden characteristics and hidden actions. Which type of asymmetric information contributes to the principal-agent problem?
Employment data at a large company revel that 72% of the workers are married, that 44% are college grads,and half of the college grads are married. Elucidate what is the probability that a randomly chosen worker;
Mr Patel runs a motel in Tampa, FL. The market is highly competitive since there are many hotels in the surrounding areas and the average room rent per night is $35. There are 30 rooms are Mr Patels motel and each room can be rented for 30 nights a m..
Illustrate what principles should guide policy makers. Should they cut spending and raise taxes to reduce the national debt over time. Or does the level of the national debt really matter.
Should the United States pull out of NAFTA? Explain why we should or why we should not. A group at your school has called a meeting to discuss a boycott of the college bookstore if it continues selling clothing made with sweatshop labor. Would you su..
If an investment of $20,000 is worth $22,076 at the end of one year with quarterly compounding: What is the nominal interest rate per year(APR)? What is the effective interest rate per year (APY)?
Suppose the cross-price elasticity of demand between goods X and Y is -4. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?
Assume that there are 100 identical firms that would be willing to sell 10 units each of the same good if the market price were $5 per unit. They have identical individual supply curves that are positively sloped straight lines that go through the or..
q. the demand and supply curves for t-shirts in touristtown u.s.a. are given by the following equations 3 pointsq24000-
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