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Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the same percentage). If the cost of working harder is $200, what commission C should you offer the worker to provide an incentive to work hard.
Make sure to include any important points or conversions. Please provide a copy of the article when turning in the paper so it can be reviewed.
We use a number of contemporary technologies to enhance services that we provide for our customers. One such technology known as ____________ allows us to observationally track products and services in transport.
Positive economics deals with
q1. 1. what value enhancers affected your choice of the school you attend?2. did you consider size location price
Illustrate what was the value of the government expenditure multiplier. Suppose that investment declined by $40 to a level of $60. What will be the new level of equilibrium income.
Compare the magnitude of the percentage in the rental on capital with percentage change in wage in part 1. Use notation format.
q1. tom and jack are the only two local gas stations. although they have different constant marginal costs they both
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack,
Elucidate fully why the monopolist will never choose to operate where the demand curve is inelastic.
What are the possible sources of ingredients information? Describe how each of the sources will help you in getting the needed information for project ingredients.
What kind of goods are gasoline and road deaths. How might this impact how we evaluate increases in gasoline prices.
Within 20 years we will have seen the emergence of enormous global markets for standardized consumer products. Do you agree with this statement? Why or why not?
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