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Of what would an optimal employment contracts for managers consist when there is revenue risk and unobservable output? a flat salary plus a profit share related only indirectly to individual effort a flat salary alone only a profit share a flat salary plus a profit share that is equal to the share accruing to owners
What are the economic advantages linked to city density. Rent control, rent subsidies and income subsidies are used to improve housing affordability. Which is the better approach, by listing the advantages and disadvantages of each.
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
You just won a contest and have been appointed State of CT Tax Commissioner. Your primary goal is two fold: raise revenue and make the tax code more efficient. You have to decide which goods to tax, which goods to raise taxes on and which good to low..
Illustrate what are different types of unemployment and how do they affect economy. Illustrate what is inflation. Illustrate what is deflation.
What is the difference between normative and positive statements?
A political commentator argues: Congress and the president are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular. Agree because e..
Having worked for many of the firms in the petroleum industry, you know that the price elasticity of demand for a representative firm is about −1.25. An industry publication recently reported that the Rothschild index for the petroleum industry is es..
Given the following regression equation with t-statistics in parentheses: Salary = 566,400 + 71,928 Goals + 20,403 Assists + 98,430 All-Star (3.45) (2.96) (3.5) (1.30)R2 = 0.95Salary = NHL Salary in $Goals = Number of career goals Assists = Number of..
In American popular memory, the period between 1945 and 1963 has come to be considered a "Golden Age," an idealized version of the nation that was destroyed by the discord of the 1960s. Having read about the different aspects of this period, in terms..
q1. your employer asks you to calculate the present value for a project that will result in an immediate financial
Find out the equilibrium price and quantity that will prevail in the market. At a price of $10, would there be a surplus or shortage.
Suppose you are given the following information on All Around Airlines. The average variable cost of producing airline trips varies between 14.5 cents a mile when 50,000 trips per year are produced to 16.7 cents per mile when 500,000 trips per year a..
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