Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A woman plans to divorce her philandering husband. If she can prove he cheated on her, she will receive a $500,000 cash settlement. If she cannot, her settlement will be $250,000. Her lawyer offers to take the case and presents her with the following payment options: a $100,000 flat fee, or 1/3 of the settlement. He promises to hire a private detective (at a cost of $25,000) to prove infidelity, at the lawyer's own expense, but the client is not sure whether to trust the lawyer. If hired, the detective will be certain to provide proof of adultery.
a. Suppose the woman agrees to the flat-fee plan. What can the woman expect to receive if the lawyer hires a detective? What if he doesn't? What can the lawyer expect to receive in either case? Explain the associated principal?-?agent problem. Who is the principal? Who is the agent?
b. Determine the rewards to both the woman and the lawyer of hiring a detective under the settlement plan whereby the woman must pay 1/3 of her settlement to the lawyer. What happens to the principal?-?agent problem if the woman chooses this plan?
How much must you deposit in your retirement account each year for 10 years starting now (i.e., years 0 through 9) if you want to be able to withdraw $50,000 per year forever beginning 30 years from now Assume the account earns interest at 10% per..
The Eimac tubes in a linear amplifier for radio transmission are estimated to provide 18,000 hours of operation before requiring replacement. A pair of tubes cost $20,000 and has no salvage value. Their use, expressed in hours over a 4-year period
Suppose that actual output is $120 billion and potential (full-employment) output is $156 billion. What is an output gap in this hypothetical economy? Based on your estimate of the output gap, would you expect the unemployment level to be higher o..
Two investments have the following expected returns(net present values) and standard deviation of return. Product A Expected return$50,000 Standard deviation $40,000 Product B Expected return $250,000 Standard deviation $125,00.
The tensile working stresses are 1200 psi for the plywood and 700 psi for the boards. The working shear stress for the glue is 50 psi. Determine the dimensions b and t so that the joint is as strong as the boards.
explanation for why convergence across regions and states might be slow. [Hint: should we expect technology or capital to flow more rapidly across regions?]
What is the composition of GDP by percentage?
All the numbers after the x's are subscript. Y=13.20 + 2.10x1 +1.24x2 +0.62x3 where Y= monthly sales revenue (in $1,000's) x1= monthly advertising expenditure (in $100s) x2= (x1)^2 x3= a time trend x3=1 in month 1, x3=2 in month 2 etc.
Ilkka's income is $120 and he spends it on two goods, X and Y. His utility function is U = XY. Both X and Y sells for $2 per unit. (a) Calculate Ilkka's utility-maximizing purchases of X and Y. (b) How will his utility change if his income decreases..
Join these points with a straight line; this is the PPF.
Consider an investment project with the following cash flows: n Porject A Project B 0 -$150,000 -$120,000 1 $30,000 $25,000 2 $25,000 $15,000 3 $120,000 $110,000 A) Compute the IRR for each investment B) At MARR= 15% determine the acceptability of ..
Research suggests that taxing pizza and soda would reduce the incidence of obesity in the U.S.A. Suppose you were required to choose between a price ceiling and a floor price to achieve the same result.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd