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Decentralizing decision rights marries authority with local knowledge. This would seem to be a good thing, but a problem that may arise is that:
a. local managers may have too strong a corporate identification.
b. local management may conserve central management's time and effort.
c. local knowledge may allow local managers to tailor prices and services to local needs.
d. lack of local incentives may mean that local managers do not work to maximize firm value.
How many tons of ice cream will the factory produce? how much does it pay in emission fees? what are its profits?
Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself." Evaluate the validity of Bob's statement.
part 1 - choice under uncertaintylet us assume that your utility function is given by u nbspradici . you have been
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the ec..
Use a principle, or principles, discussed in the course to explain some pattern of events or behaviour that you personally have observed.
Calculate the price elasticity of demand for Einstein's Bagels and explain what it means. Derive an expression for the (inverse) demand curve for Einsteins's Bagels.
Suppose that the learning effect coefficient in the production of wrist watches is -0.2. If the average cost of producing the first watch is $100, what will be the average cost of producing the 40th watch?
Whole Foods buys organic beets from two suppliers, one in Ames and one in Zearing. The price per unit of the Ames beets is $4.50 and the price per unit of the Zearing beets is $7.00. Define variables that would tell how many units to purchase from ea..
explain that investment can be increased both by reducing taxes on private savings and by reducing the government budget deficit A) Why is it difficult to implement both of these policies at the same time
Musashi lives in Chicago and runs a business that sells boats
A development of value and distribution theories. Detailed analysis of the reactions of consuming and producing units
The cost for loss of heat from the pipe per meter is $4.8/X1/2 per year. Here, X represents the thickness of insulation in meters, and X is a continuous design variable.
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