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Discuss the meaning of the term principle-agent problem. Why does this problem exist?
Suppose that in a particular country, GDP per capita was $ 10,000 in 1960 and $ 40,000 in 2008. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive.
Let the inverse demand curve for tennis classes is: P = 90 - 1.5Q. If the equilibrium price is $15, calculate the optimal quantity and the consumer surplus. If price increase to $30, calculate the optimal quantity and the new consumer surplus.
During the year, Belyk Paving Co. had sales of $2,383,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,442,000, $436,700, and $491,700, respectively. Calculate the firm's net new long-term debt added duri..
Consider a small modification to the one period labor supply problem that we studied in class. Specifically, assume that the individual seeks to maximize utility, U(C) + V(Leisure) subject to the budget equation PC = W L + D. The only new element in ..
Find the property tax rate from the following information. Knoxville County needs $5,875,000 to balance the county budget. The total assessed value of all the property in the county is $60,000,000.
Marketing research over the internet has increased significantly in the past decade. Outline and then discuss the strengths and weaknesses of marketing research conducted online with respect for a foreign or domestic airline company of your choice.
According to trade theory, if a nation has a comparative advantage in a capital-intensively produced good, and the rate of growth of capital is greater than the rate of growth of other inputs (e.g., labor), the pattern of growth which results will be..
Choosing Carnegie, Ford, or Rockefeller, or a more recent major entrepreneur, write a brief essay of 2 pages highlighting the major innovations or new technology employed that created substantial wealth for their companies. Don’t worry about repeatin..
Consider the independent private value auction setting that we talked about and solved in class. Assume that there are a total of n bidders (including yourself). The valuations are uniformly distributed [0,1]. Assuming that everyone else plays the pr..
Why is the private market for public goods typically characterized by under provision. Under what situations will we expect the private market to overcome this problem?
The purpose of this assignment is the creation of a research analysis. Every day, consumers make millions of decisions that impact the marketplace and influence
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