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Signaling Suppose that both employees and employers view GPA as a signal of quality. Suppose that with no effort, each earns a 2.7 GPA. The opportunity cost for a high-skilled worker to improve his/her GPA is $6,000 per 0.1 points. For a low-skilled worker, the opportunity cost to improve his/her GPA is $16,000 per 0.1 points. Suppose that high skilled workers will have lifetime earnings of $100,000 more than low-skilled workers. Is a separating equilibrium possible? Show your work
What Is the pros & cons of giving the FDA more authority over pharmaceutical and marketing companies?
The Port Authorities of New York and New Jersey estimate that the annual net revenues for the George Washington Bridge (GWB) will total $13M by the end of this year (t=1). At the end of three years (t=4) you expect a toll increase of 10%. Revenues wi..
a company buys a machine for 12000 which it agrees to pay for in five equal annual payments beginning one year after
Regardless of whether the short run or the long run is being considered, a firm should continue to operate as long as its price is greater than its average variable cost
both inflation rate and unemployment rate are closely watched aspects of macroeconomic performances of the economy and
An increaseing governemtn expenditure in increasing GDP when it is financed by rasing taxes or slling government bonds to the general public or else.
Define business cycles? Discuss how business cycles play an important role in managerial decisions.
cIf barriers to entry into a profession were absolute so that entry is not possible, what would the supply curve look like? What would the supply curve look like if entry into an occupation were free and easy? Thus, what roles do barriers to entry pl..
a california legislative committee has voted to legalize marijuana sell it through state liquor stores and impose a
Several decades in the physician services market- the level of competition has increased and economies of scale have increased.
c300 0.80y - 125 i 150 g 250 x 115 x 125.05y using the original data compute the impact of a 50 decrease in taxes
explain the following statement any deviation from planned output or planned expenditures consumption investment will
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