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Hiring Employees
You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can’t distinguish among them:
Employee Value Probability
$50,000 0.25
$60,000 0.25
$70,000 0.25
$80,000 0.25
What is the expected value of four employees you hire?
Why do you suppose that the market clearing interest rates on bank savings and time deposits have been rising relative to the market clearing interest rates on bank loans?
Explain how a company that is competing in a purely (or perfectly) competitive market should increase its competitive stance in the marketplace. Provide specific examples.
Discuss how organisations design and build services to attract new and existing customers to buy their services. Refer to the research you have presented previously in your research report.
What are the three basic functions of money? Describe how rapid inflation can undermine money's ability to perform each of the three functions.
Think about an extension of the specific-factors model, in which, in addition to their wage, labour also earns some part of the rental on specific factor in their industry,
The accompanying graph (top of next page) summarizes the demand and costs for a firm that operates in a perfectly competitive market.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Imagine a world with two individuals, a rich one denoted by R, and a poor one denoted by P. Both individuals consume gas, and their demands are given by QR = 100 - 0.5P and QP = 60-P respectively, where P is the price of gas, and QR and QP are..
suppose you now own a taxi company in aberdeen and you are the sole producer of this service. you have a taxi monopoly
increase aggregate demand by cutting government spending or raising taxes. decrease aggregate demand by cutting government spending or raising taxes.
Describe the competitive environment within the industry. Is there a dominant firm? Are the other firms follow or actively compete? How do they compete? (For example, by using price, advertising, quality or some other variable.)
Provide the Gilbert's choices of both Bordeaux and yogurt under the following circumstances (Consider each separately):
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