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How should management structure compensation plans, so they would be more effective?
Suppose you want to remove fourteen fish of an exotic species that have illegally been introduced to a lake. You have three possible removal methods. If the marginal cost of each removal method are, respectively, $10q1 , $5q2 , and $2.5q3 , how much ..
Distinguish between liberal economics and conservative economics. Why is macroeconomics an inherently political subject? Summarize the problems that can be created by rapid inflation. How can inflation become self-perpetuating?
Suppose that James and bob live on the same street. In the winter both of them like the show on their street to be plowed. Bobs demand is given by Q=40-p and James demand ha given by Q=30-2p. Suppose that the marginal cost of plowing the snow is cons..
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to the price and output of Florida oranges under the conditions below. What are your predictions? For each part, sketch a ..
People in a community are voting on how much of a public good should be provided. Assuming that each person casts a truthful vote, which tax structure is most likely to yield the socially efficient quantity?
Blood glucose measures the amount of sugar in the blood. Below are the readings for February for a person recently diagnosed with Type 2 diabetes.
Movement along the demand and supply curves is referred to as "a change in demand and supply," while a shift in the demand and supply curves
By what year will China's GDP double? Its population? Its per capita GDP? In what year will China's GDP equal US GDP? In what year will China's GDP per capita equal US GDP per capita?
Suppose that a consumer has a choice between gallon jugs of milk and half gallon jugs of milk. The consumer only cares about how much milk she consumes and not about the size of the jugs of milk. Write a utility function for this consumer. Is there a..
$500,000 cash payment today, (2) $50,000 cash payments at the end of each year for twenty years, or (3) $1,000,000 in cash in one payment after 20 years.
Its output is 300 units which sell for 10 each. At this level of output marginal cost is 1 and average variable cost is 1.50 the firm should?
Using supply and demand analysis, show graphically and explain verbally 3 factors that may have led to rising health care costs in the United States from 1960 to the present day.
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