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Job Auction
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliver to the state. In cases where the incumbent manager was the winning bidder, firm productivity tended to increase dramatically. When outside bidders won, there was little productivity improvement. If incumbent managers were not generally more qualified, how can you explain this result?
the company you work for asks you to recommend whether their mercedes truck should be replaced now or kept in service
What is the group preference and what is the group choice according to the Borda count rule? Please justify your answers.
Discuss a firm's objective relative to its economic cost. Describe each of the firm's economic cost, and whether these would be considered explicit or implicit. What is the difference between an economic profit and an accounting profit.
A HR Director for a medium size public company. Under Americans with Disabilities Act are the following workers entitled to a affordable accommodation and, if so, what would be affordable:
A monopolist is maximizing profit at an output rate of 1,000 units per month. At this output rate, the price that its customers are willing and able to pay is $8 per unit, average total cost is $5 per unit, and marginal cost is $6 per unit. It may..
Inflation is 20 percent. Debt is $2 trillion. The nominal deficit is $300 billion. If the expected inflation rate falls from 20 percent to 15 percent, by how much does the real deficit change?
Explore the assumptions underlying price elasticity of demand and apply them to the above set of circumstances. do you believe the computation of elasticity is an indicator price sensitivity? explain.
How does an increase in an excise tax on cars affect the supply of cars. more cars will be made or fewer cars will be made or else.
An engineer planning for her retirement will deposit 15 percent of her salary each year into a stock found. The initial balance in her stock found (year 0) is $5,000. If her salary this year is $120,000 (end of year 1) and she expects her salary to i..
Explain how each of the events described above, affected the world market for oil. Specifically, use a supply and demand diagram to explain changes in price and output.
Would you give an example of a microeconomic decision you have made at work or home? What factors contributed to making that decision? Example:
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs
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