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Which of the following is NOT an incentive scheme to ensure that workers do a good job?
a. Paying waitress’s low wages, but allowing them to collect tips
b. Profit-sharing plans in large companies
c. Commission pay schedules for salesmen
d. Straight hourly wages for dock workers
q.recently there has been great controversy about some state governments attempting to use eminent domain to tear down
Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve.
Another alternative donation scenario is to deposit $25,000 now in a savings account with a guaranteed rate of return of 5% per year compounded monthly. Each month your company will withdraw $1000 from this account and donate it to Children's Hosp..
Suppose re are 300 of young in some period t. n, how many good are paid to government for tax in this period. In period t, how many good can each old person get and consume.
For the supply and demand curves in the diagram, the level of employment will be highest at: Allocative inefficiency in a labor market may be caused by:
What is the maximum it would be reasonable for the owner of a building to pay for a new sprinkler system if it would save $785 per year in insurance premiums. The owner's cost of money is 7.00%/yr. Assume the system would have a life of 20 yrs and a ..
How does this alter the isocost and isoquant graph? Given these forecasts, where should you expand production?
Assume that the dairy industry is initially in a perfectly competitive equilibrium. Assume that, in the long run, the technology is such that average cost is constant at all levels of output. Suppose that producers agree to form an association and be..
You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.
President Bill Clinton assigned his wife to task of developing a national health insurance plan to increase availability of medical care for poor. How would one determine opportunity cost of proposal.
The computer industry not spread more evenly around the globe? Identify three product categories for which you think the markets are global. Can you find three that are multi domestic? What market data would you need to support your assertion?
Draw their budget set (the combination of housing and other goods that they can afford) in housing-other goods space
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