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Commissions/bonuses serve as an incentive scheme. Assuming base wages are adjusted so that expected take-home pay is maintained: why is it suboptimal to set commissions too high? Also, why is it suboptimal to set them too low?
Suppose the cross elasticity of demand for products A and B is +3.6 and for products C and D is -5.4. What can you conclude about how products A and B are related? Products C and D?
How much monetary capital to invest abroad. Explain how each of these considerations is important to the success of foreign operations.
The currency of Iceland is called the Krona. in July, 2007 the exchange rate was roughly 60 krona to a dollar. In July 2011, the exchange rate was roughly 120 krona to a dollar. a) Over this period, would you expect exports from the US to Iceland to ..
it can sell its output for $25 each. Illustrate what is break-Explain how your work both graphically and algebraically.
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P=50 - Q. Suppose fixed costs rise to $400. What happens in the market?
What are public goods and services? How do these differ from private goods and services? Why can’t public goods and services be provided through market exchange? Give examples to support your answer?
Suppose a demand function is given by x(p). Then, elasticity of demand at p is -p d/dx logx(p). Using this, compute the elasticity of demand when x(p) = ap^-b, where a, b are positive constants. (We use notations ln and log interchangeably).
The final project for this course is a written International Investment Report. Your company wants you to research a possible investment in a foreign country. Please pick a company and a country for investment. Describe the basics of the proposal. Id..
Economists criticize monopolies because monopolies. A monopolist maximizes profits by finding
What is the moral dilemma (or dilemmas)? In stating the dilemma, make explicit the competing moral reasons involved-for example, rights, responsibilities, duties, good consequences, or admirable features of character (virtues).
Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n) Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. ..
For a region, you are given the number of deaths, the number of deathes related to alcohol, the number of deaths related to painkiller opiates and the averge mid-year population. What is the equation to calculate the crude death rate for the region? ..
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