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Is there an ethical issue with corporations that have large layoffs to meet the desires of shareholders and then pay executives high salaries? How does this affect the company's profit minimization and how much profit is "maximum" profit?
Using rational theory explain how rational individuals optimize their decision making? And, why sometimes rational individuals make irrational economic decisions?
Differentiate the equilibria of model. Also the classification should be a function of the bliss point of the candidates.
Draw a graph for an individual with a strictly concave expected-utility function, who has wealth y and faces the possibility of a loss L which occurs with probability p. Show expected wealth, expected utility, certainty equivalent and risk premium. L..
Contingency Plan 1 is a new process introduced by an international health team that guarantees the removal of pathogenic microorganisms in the town’s water system. Evidence has revealed that Contingency Plan 1 will lower the influenza rate to four ne..
Consider the Romer model of labor supply. Specifically, an individual who seeks to maximize. Argue that if W and P both increase proportionately the optimal choice of how much to work does not change. What would happen to optimal labor supply if W we..
Carbon dioxide emissions have been linked to global warming. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air.
After doing a Chi-Square test ,you decided that failures are normally distributed ,with mean failure of 50,000 miles and a standard deviation of 10,000 miles. Concluder eliability of tires.
Which type of health insurance plan would you choose the PPO plan or the HMO plan? Why would you make this choice? What things are important to you when selecting a health insurance plan (i.e. monthly payroll deduction, co-payments, deductibles, serv..
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Inflation is forecasted to remain consistent with its target over the next 1-2 years. Inflation arises when:
You have been asked by an investor to value a local restaurant. In the most recent year, the restaurant earned pretax operating income of $300,000. Income has grown an average of 4% annually during the last five years, and it is expected to continue ..
Suppose that the citizens of Hungary can purchase all the oil they desire at the going international price. If the Hungarian government levies a tax on oil, who bears the burden? Illustrate your answer wit h a supply and demand diagram.
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