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Over a long period of time in a large multinational corporation, 10% of all sales trainees are rated as outstanding, 75% are rate excellent/good, 10% are rated satisfactory, and 5% are considered unsatisfactory. Find the following probabilities for a sample of n = 10 trainees selected at random:
(a) Two or more are rated as outstanding. (b) None of the trainees are rated as unsatisfactory.
(c) Two are rated outstanding, six are rated excellent/good, one is rated satisfactory, and one is rated unsatisfactory.
Compute the value of deadweight loss with the new demand curve to verify your intuition about the answer to the previous question.
Suppose that Jenny is the only consumer in the antique car market. Her willingness to pay for an antique car is $200,000. Based on Jenny's willingness to pay, plot demand schedule in the graph below utilizing the blue points.
Compute most favorable output also profit for each firm and the market price. Also, compute the resulting profit of cartel.
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
Explain how does a firm determine its prices also the quantity of labor need in the resource market during a specific period. How does a firm determine its demand for capital funds during a specific period.
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
How much deadweight loss does Great Reception causes when it restricts output and charges a price above marginal cost.
What were there reason why IMB lost it advange over the computer world.
Determined by the ability to find, attract, keep, develop, and tap into the most talented workforce that can be assembled.
The rm must pay a xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate the smallest integer price that would make a rm willing to produce a positive amount.
When the work was complete, Chuckrow paid Gough the original contract price but refutilized to pay him for the additional cost of reerecting the trusses.
In competitive equilibrium, what is the ratio of the price of bananas to the price of tomatoes. Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
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