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Suppose you have hired a new worker, unfortunately you do not know if the worker is a shirker or a hard worker. Suppose working hard raises the probability of making a sale from 40% to 80% (thus raises the probability of making a commission C by the same percentage). If the cost of working harder is $200, what commission C should you offer the worker to provide an incentive to work hard.
Ryan has $200 per week to spend on gas and food. The price of gas is $4/gallon and the price of food is $2 unit. What is the opportunity cost of an additional unit of food in terms of gallons of gas? What is the opportunity cost of a gallon of gas in..
Illustrate what happens to money supply, interest rates and economy in general if Federal Reserve is a net seller of government bonds.
The study aims at assessing the market potential of Ireland-produced baby formula products in Chinese market.
mechanical engineer who recently graduated with a masters degree is contemplating starting his own commercial heating
Explain how much of X and Y will Lisa White demand. Check out your answer by using the consumer equilibrium conditions.
If the prices of pizza and submarine sandwiches double and so does Michael's money income, we can compute that Michael's budget constraint will.
Which of the following statements are true about transfer payments with regard to computing GDP? Check all that apply
What is the least you would be willing to accept to sell your house? c. Why are the answers to the above two questions different?
In many Sub-Saharan African countries, girls have lower enrollment rates in secondary schools than do boys.
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
Jim Vendors is viewing about manufacturing a new type of electric razor for men. If advertise were favorable, he would get a return of $100,000.
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
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