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Approximately 90,000 students per year apply to the top MBA programs.
Using the concept of net present value and opportunity cost, explain when it is rational for an individual to pursue and M.B.A. degree.
What would you expect to happen to the number of applicants if the starting salaries of managers with an M.B.A. degree remained constant but the salaries of managers with bachelor's degrees increased by 15%? Why?
Interest rate if no one else will give me a loan? Will I be better or worse off as a result of taking out this loan. How can you make a case for legalizing loan-sharking.
Provide a graphical example of what could potentially happen to the number of people employed in an economy if the government were to decide to raise the minimum wage; in addition, provide an explanation of what occurs when the minimum wage is increa..
Demand" is best defined as the relationship between:
The Faculty of Economics and Administrative Sciences is considering to throw a party to its students. The marginal benefits to the students are given by MB=1200-Q2.
Suppose a firm is hiring 20 workers at a wage rate of $60. The average product of labor is 30, the last worker added 12 units of output, and total fixed cost is $3,600. What is marginal cost?
Consider a game that game theory people refer to as the “ultimatum game.” We will refer to our two players as the “offerer” and the “decider”. How the game works is that the offerer proposes a way to split $1000 between the two players. Explain which..
Explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run. Assume there is no productivity increase and no change in the price of nonlabor resources
Compare and contrast the four market structures. Include comments in regards to price setting for profit maximizing, origination of the market structure, and government responses and/or involvements in each type of market structure.
Think about all the economic data that are reported in the news every day. The information from all of them may be relevant, but does a policymaker really need to know any more about the state of the economy than the level of output and the inflation..
Assume that the economy's real GDP is growing. what will happen to money demand over time? If the Fed leaves the money supply unchanged, what will happen to the interest rate over tiem? If the Fed changes the money supply to match the change in money..
A purely competitive wheat farmer can sell any wheat he grows for $10 per bushel. His five acres of land Elucidate how.
Acme Inc., needs to expand their facilities to accommodate a new production, line, The investment is $ 1 million dollar, and 80% is financed through the bank for 10 years at an annual interest of 10%. Since the company will invest 20% equity money (o..
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