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Question: Each year, public schools are rewarded with bigger budgets for achieving a rating of "excellent" or "recommended" and are punished for rating "needs improvement." These ratings are based on meeting thresholds on a broad set of measures such as attendance rates, graduation rates, standardized test scores, SAT scores, and so on.
Discuss the incentives for school principals (who are the agents, in this case) under this scheme and how you might improve them.
From September 2000 to March 2001, the S&P 500 index fell 27% and the US economy headed into a recession. From March 2002 to July 2002, the index fell another.
Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alternative.
What are the definitions of marginal revenue? What happens when government institutes price floors above the equilibrium price (e.g., minimum wages and other 'high' minimum prices)?
Consider two competitive economies that have the same quantities of labor (L = 400) and capital (K = 400), and the same technology (A = 100). The economies of the countries are explained by the following Cobb–Douglas production functions:In which eco..
In this experiment, a family of molybdenum compounds with a quadruple bond order will be synthesized. The first compound will be tetra(acetate)dimolybdenum
Determine the relationship between and returns to scale and obtain the long-run input demand functions and the total cost function.
Libertyville has two optometrists, Dr. Jones (J) and Dr. Smith (S). Each optometrist can choose to advertise his service or not. The net revenue to each optometrist, in thousands of dollars, is listed on the payoff matrix below
Using the GAAP balance sheet for the most recent year, for each item, determine where it should be classified in the economic balance sheet.
Total income the income from an oil change service chain can be considered as flowing continuously at an annual rate given.
Explain with the use of diagrams where appropriate how perfect competition leads to allocative productive and dynamic efficiency - What is a natural monopoly? If a firm is a natural monopoly, illustrate with the use of diagrams why is it is nec..
unique creations holds a monopoly position in the production and sale of manometers. the cost function facing unique is
Suppose a political candidate hired you to develop two arguments in favor of a flat tax. What two arguments would you advance? Alternatively, if you were hired to develop two arguments against a flat tax, what two arguments would you advance?
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