Find magazine article highlights a perfectly competitive sit

Assignment Help Microeconomics

Reference no: EM13186419

1. When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this concept. For example, how does your mom get you to do chores? Or how do you control for shirking by those group members with lower GPAs, who have less to lose from poor individual performance?

2. Find a newspaper or magazine article that highlights a perfectly competitive situation. Write a 1-page paper on the economic performance of this market in terms of efficiency, costs, and profit.

3. Applying the 21 Synectics Steps

Assignment: Select one problem from the following list -or- define your own problem.

Design new clothes for soldier/teacher/cook/student/etc.
Invent a new way to protect computers from viruses.

Reference no: EM13186419

Questions Cloud

How much larger will that amount be : After all of these taxes are paid, Vanessa will have a larger amount. How much larger will that amount be? (Round your answer to the nearest cent.)

Calculate the algebraic level of equilibrium output : This question considers a closed economy Keynesian model that is augmented to include transfers payments to consumers (Tr = Transfers) that increase consumers' disposable incomes and lower government savings. a) Suppose you had the following compo..

Find how many terms are needed to estimate with an error : Use this formula to find how many terms are needed to estimate with an error less than .

Find the volume v of water in the bowl : Find the volume V of water in the bowl. (Consider two cases: one in which the ball is not completely submerged and the other in which it is.)

Find magazine article highlights a perfectly competitive sit : When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con..

What should be the size of each repayment : What should be the size of each repayment if the loan is to be amortized at the end of the term? (Round your answer to the nearest cent.)

What should the price per pound of this mixture be : a grocer mixes together four pounds of peanuts costing $2 per pound with two pounds of walnuts costing $5 per pound. what should the price per pound of this mixture be?

What option does the central bank have to stimulate economy : If the economy is currently in a long-run equilibrium and the central bank increases the money supply, what effect does this have on the aggregate price level Explain why it is important to insulate central bankers from politic..

Compute the molar mass of hemoglobin : the osmotic pressure of this soluion was 0.00155 atm at 25 degrees celcius. calculate the molar mass of hemoglobin, which is a molecular compound and a nonelectrolyte.

User Account

All Pages