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Question: Do two variations on the tycoon problem with 100 firms. In the first, all numbers are the same as in the text, except the probability that a company is good is now .4 instead of .6. How many winner firms will be abandoned after two rounds of management trials? In the second variation, again use the same numbers as in the text, except the probability that a new management is competent is now .5 rather than .7. Again, how many winner firms will be abandoned after two rounds of management trials? What, if any, conclusions might you draw from these examples?
Explain why inflation is a main concern for an economy, and examine how well inflation in Australia has been managed by the monetary authority.
Calculate the equilibrium quantity of employment and wage rate in this labor market. Calculate the deadweight loss created by the mandated benefit. What is the principle-agent problem between employers and employees in a labor market?
Prepare to write a 6-8 page paper. What were the two scores for the leader you chose? What were your two scores? What do the scores mean and how did they compare? What insights did this exercise reveal to you about leadership?
Create and explain a production possibilities frontier for an economy that produces milk and cookies. Determine what happens to this frontier if disease kills half of the economy's cow population?
A decrease in the price level might cause: A. an increase in the quantity of aggregate demand because of the substitution effect. B. An increase in the quantity of aggregate demand because of the wealth effect. C. A decrease in the quantity of aggreg..
Suppose the U.S. government decides to reduce military spending. Using the Simple Keynesian model, describe graphically the impact of this event on equilibrium.
Recently, a bank was trying to decide what fee to charge for "expedited payments" - payments that the bank would transmit extra-speedily to enable customers to avoid late fees on cable TV bills, electric bills, and the like.
Would it be possible to privatize the money supply in the United States completely? In doing so, what would be the primary obstacle to overcome in implementing such a policy?
List the advantage and opportunity for (country of choice) vis-a-vis economic growth. List advantage and opportunity for (country of choice) expansion. List advantage and opportunity for (country of choice) export.
List and describe three accounting issues related to acquisitions. What role does the controller play in addressing these issues?
Considered the following market. Chrome can choose when launching its new product either to do it LARGE or as NICHE. After Chrome has chosen its action, Firefox observes Chrome's choice and then can choose to ADAPT to RETAIN its own product. Af..
Write an opinion in response to a current newspaper article or op/ed piece. The article must be less than one year old.
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