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If a firm is very dependent on firm-specific human capital then is should: a)develop programs for sending employees to the local university b) create a extensive internal labor system for career advancement c) offer compensating differentials for hardships d) use only benchmark competitive wage rates
Effective leaders are essential to the success of any organization, be it a small business or the U.S. government, the largest organization in the world. Globalization demands global leaders. What is global leadership? How does it differ from a purel..
In a paragraph or two, outline two tactics that businesses can use to improve the value they provide to customers. List and briefly describe four activities that a company might undertake in the formation of an online business initiative.
Franchising in China is a relatively new and growing phenomenon which has gained momentum since the 1990s. Among the franchising pioneers in China are large and well-known food and beverage brands, such as KFC and McDonald's. What did Wang do as he p..
The interest paid on internally held debt: Answer is a real claim on our goods and services. is roughly 20% of the federal budget. is paid out to one group of Americans from the taxes collected from another group of Americans. is a real burden on the..
A monopolist estimated that the own-price elasticity of demand for its product is -4.5 and its advertising elasticity of demand is 1.5. Assuming these elasticities are constant, what fraction of the firm's revenues should the firm "reinvest" in adver..
Real GDP is: A.the base year market value of all final goods and services produced domestically during a given period.
Mathematical Problem: Competitive Firm Decisions. Suppose a perfectly competitive firm experiences total cost (TC) and marginal cost (MC) according to the following equations, where Q is the quantity produced (output). Calculate the profit-maximizin..
Explain why sharp decline in oil prices might not necessarily have positive or negative impact.
The Snow City Ski Resort caters to both out-of-town skiers and local skiers. The demand for ski tickets of out-of-town skiers is given by Qo = 600 - 10 Po, while the demand for ski tickets of local skiers is given by Ql = 400 - 20 Pl . The marginal c..
Explain a situation in which the outcomes of classroom experiments deviated from standard economics theory. What insights were learned from these outcomes and how are they incorporated into the standard theory they attempt to model?
A study finds that the noise from leaf blowers is harmful, so the government imposes a $20 tax on the sale of every unit. This amount accurately accounts for the social cost of the noise pollution. Before the corrective tax, Blown Away Manufacturing ..
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
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