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1. Discuss the costs and benefits of decentralized decision making relative to centralized decision making.
2. Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company. Mark will be evaluated by the company president Josh Cohen on his success or failure in meeting this goal. Mark does not evaluate the performance of any of the division chiefs, and each chief must approve all new division employees. Do you expect Mark to succeed in this endeavor? Why or why not? Explain your reasoning.
Give two reasons why Rome would auction off the rights to tax collection rather than simply send a Roman soldier to collect the taxes. Discuss two problems this system might generate for the Senate.
Does either hospital have a dominant strategy (or any dominated strategy)? Assuming that they determine their strategies independently of one another, what are the hospitals' respective Nash equilibrium strategies? Explain why.
What are the problems of relying on automatic fiscal stabilizers to ensure a stable economy at full employment?
The Green Show Corporation is planning going to a piece rate system, where manufacturing workers are paid based on their level of output.
Make out a case for:
One of the reasons Joseph Schumpeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk-taking entrepreneurship in favor of low-risk managerial strategies.Has this happened?
1.Think of three examples of monopolies (local or national) and consider how contestable their markets are.
What is meant by cumulative voting, classified board, and voting by proxy? What are the benefits and costs of corporate voting over the Internet? Do you think this type of voting will increase in the future?
Some companies base promotions solely on seniority. Discuss the negative and positive aspects of such a policy. How would you expect a large increase in the minimum wage to affect the pay package offered by employers?
From the first e-Activity, speculate how the monopolist could be more efficient in the long-run considering new competition has entered the marketplace
7. problem-solving question use the following data for a firms output at various levels of employment l to calculate a
The overall balance of payments must always balance. If this is the case, 1.why might a deficit on one part of the balance of payments is seen as a problem?
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