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1. Which of the following will improve your salary bargaining position: a. The product your firm produces has become more costly to produce b. There are fewer close substitutes for the product your firm supports c. Competitor firms have developed new products that are similar d. New firms have entered with competing products that your firm produces.
2. In the sequential labor negotiation game: a. There is no advantage to either mover b. The second mover has an advantage c. The first mover has an advantage d. None of the above.
In the field of financial management it has been obseved that there is a trade-off between the rate of return that one earns on investments and the amount of risk that one must bear to earn that return. Draw a set of indifference curves between risk ..
Write down the different costs associated with putting on an NFL game. Classify these costs as either fixed costs or variable costs. Assume that a single playing season constitutes the short run.
What is the miracle of aggregation? What does the miracle of aggregation have to do with uninformed voters? What is systematic error? What is rational irrationality?
One way to reduce the amount consumers spend on health care is to raise the price of health care by increasing the health insurance copayment (i.e., the portion of the price patients must pay themselves). At current copayment levels, if the price ela..
Evaluate the following statement 'in all of the regressions, the coefficient on Female is negative, large, and statistically significant. This provides strong statistical evidence of gender discrimination in the US labor market.'
The rate cut was made because European nations were growing very slowly or were in recession. What effect did the bank hope the action would have on the economy.
Which of the following is a key element of the Cournot model?
"Firms prefer to acquire existing assets rather than undertake green field investments while contemplating FDI." Explain the reasons that support this argument.
What fraction x of your money should you invest in risky asset in order to maximize your utility. What happens if A is large.
Given a company orders a product and expects the defective fraction, E(p), to be 5%. Demand is 15,000 units annually and they screen at a rate of 60,000 units annually (think of this as the QC check which is done much quicker than demand arrives). Ca..
Suppose there are 100 identical firms in the perfectly competitive note-card industry. Each firm has a short-run total cost curve of the form: ST C = 0.2q^2 + 4q + 10 and MC = 0.4q + 4. Calculate the firm’s short-run supply curve with q (the number o..
A "tight money" policy by the Fed.
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