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The Brown Tool Company is a multidivisional firm with offices throughout the country. The company sets the salaries of most of its positions at the central level. For example, secretaries are paid $8 per hour throughout the company. Discuss two important reasons why the firm might adopt such a policy. Discuss two important problems that the policy might cause.
Is it possible for the government to target the money supply over the longer term without targeting the PSNCR?
A company is practicing 1st degree price discriminaiton. The demand for the company's product is defined as QD = 20-2P. If the firm maximizes profits by selling 4 unites of output
Assume the external marginal cost of pollution is MCext=5Q and internal marginal cost is MCint=10Q. Further, suppose the inverse demand for the product, Q, is given by P = 90-Q.
What does it mean "it's like a balloon"? What is like a balloon? Why is it like a balloon? 3.) Explain why government regulations to restrict some activity occurring in a free market typically end up making matters worse. 4.) Who supported the Dodd-F..
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.
1. Why may an expansion of the money supply have a relatively small effect on national income?2. Why may any effect be hard to predict?
Where Q is the number of cars washed per hour and L is the number of people employed per hour. The firm receives $5 for each car washed, and the hourly wage rate for each person employed is $4.50. The cost of other inputs like water is trivial; hence..
Discuss the expected lobbying behavior of lawmakers from timber producing states (Montana and Alabama), the National Association of Homebuilders, and U.S. lumber companies (for instance, Georgia Pacific).
Two employees are assigned to work overseas for a two-year period. Which house do you think will be in better condition after the two years? Explain.
1. solve the following linear programming problem graphicallymaximize 2x1 3x2subject to x1 le
As the manager of Hidden Fence Company, what might you do to convince a worried prospective customer that opportunistic behavior with respect to battery prices is not a likely occurrence?
1.Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
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