Q1-you are on the board of directors of a nonprofit art

Assignment Help Microeconomics
Reference no: EM13375697

Q1-You are on the board of directors of a nonprofit art museum supported by donations from wealthy members of the community, and are responsible for acquiring new works and staging exhibitions for the public. You are clearly an agent, but who is (are) the principal(s)?

Q2- Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees? In many smaller cities all McDonald's outlets are owned by the same franchisee. Why is (or isn't) this fact consistent with our discussion of specific investments?

Reference no: EM13375697

Questions Cloud

When adrenaline binds to adrenergic receptors on the : when adrenaline binds to adrenergic receptors on the surface of a muscle cell it activates a g-protein initiating a
1 why might you expect to see flat royalty payments in : 1. why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises
Recommend appropriate pricing and nonpricing strategies for : recommend appropriate pricing and nonpricing strategies for your new or existing good or service based on the projected
Assume that country a has a population of 500000 and only : assume that country a has a population of 500000 and only produces one good-cars. country a produces 100000 cars per
Q1-you are on the board of directors of a nonprofit art : q1-you are on the board of directors of a nonprofit art museum supported by donations from wealthy members of the
Write a short essay on the use of economic principles to : write a short essay on the use of economic principles to analyse agricultural and environmental problems.choose a
Now assume that the cigarette industry is perfectly : now assume that the cigarette industry is perfectly competitive and that cigarettes are identical. we also assume that
Create a demand schedule and a supply schedule for your : create a demand schedule and a supply schedule for your product.using these schedules draw a demand curve and a supply
1 for figure demand with zero transactions costs is q1d 50 : 1. for figure demand with zero transactions costs is q1d 50 - p and supply is qs -7 2p.a. verify all of the prices

Reviews

Write a Review

Microeconomics Questions & Answers

  What is your understanding of demand

What is your understanding of demand? What are the determinants of demand? Please provide example (market, event, and effect on equilibrium).

  Explain what is a government budget deficit

What is a government budget deficit How does afederal budget deficit affect the economy How does it affect thelevel of investment and interest rates How does it affect the individual consumer

  Five forces framework

The costs of manufacturing steel declined substantially from building a conventional hot rolled steel mill down to new mini mill technology that need only scrap metal,

  Long run demand elasticity for almonds

What share will be paid by the consumer in the long run? How about the short run? Provide some intuition for why these are different.

  Traditionally how have estimated labour supply elasticities

Traditionally, how have estimated labour supply elasticities differed between men and women? How can economic theory explain this? Outline the relevant empirical evidence from the more recent literature? No more than 1200 words.

  Reducing poverty and improving human welfare

Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?

  Description of demand function

The general demand function for a good, Good A, is: Is Good A a normal good or an inferior good? How do we know exactly?

  Draw en edgeworth box

Draw en Edgeworth box and illustrate. Initial endowement allocation, an indifferens curve for each consumer and the contract curve.

  Ice cream and pie if these are goods that you like

Ice cream and pie if these are goods that you like, but if you eat too much of either, you get sick of them. If you are sick of a good, eating more of it lowers you utility.

  Why is the long-run aggregate supple curve vertical

Why is the long-run aggregate supple curve vertical Explain the shape of the short run aggregate supply curve. Why is the short-run curve relatively flat to the left of the full-employment output and realively steep to the right

  Define the short run effects of a positive inflation shock

An inflation shock is a disturbance to the usual behavior of inflation that shifts the IA line. A supply shock is a change in the natural rate of output. Graph the long and short run effects of a positive inflation shock and a negative supply shoc..

  Why a firm in a competitive industry charge the market price

If a firm charges less than the market price, it loses potential revenue. If a firm charges more than the market price, it loses all its customers to other firms.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd