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Efficiency-wage theory suggests that to improve workers performance, firms should:
A. fire all existing workers and hire new ones
B. spend more money and effort on monitoring
C. raise wages above the market-clearing level
D. give incentive pay to employees for dobbing in their fellow workers who are lazy
Draw demand, marginal revenue and marginal cost curves for each market. Approximate profit maximizing prices and quantities graphically and/or determining solutions algebraically. Illustrate what are firm's total profits.
The natural rate of unemployment is
Suppose as a manager of a profitable department store you are confronted with a pricing problem. You have two types of customers: a high-end type that are willing to pay a price of $25 for a pair of Levis Jeans, and a low-end type customer that are w..
Elucidate what is the best form of business organization to select based on various considerations, including taxes, liability, capital contributions, sharing of profits adn losses, management and control, and survivorship
You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year.
Can you think of any reasons why? How would you describe the market structure of the world coffee market: is it competitive or not? Present your arguments.
Evaluate the Keynesian economists, besides John Maynard Keynes. Determine which economist you feel made the most significant contribution to economic theory. Justify your selection.
How does the change of consumer and producer surplus compared to the tax revenue.
Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
Why does it make sense for a firm to shut down in the short run if the price falls below minimum average variable cost?
Elucidate the effect this policy would have on the nation's real risk-free interest rate, nominal interest rates, real and nominal GDP.
q.representative consumers have the utility function ucls lnc ln1- lsrepresentative consumers have labor endowment of
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