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Suppose employees pay a bond of $1,000 to an employer. The gain from shirking is $400. Monitoring devices have been installed so that there is a 50% chance of being caught if you are shirking. The company is considering the installation of additional monitoring devices to increase the chance of catching a shirker to 100%. They feel this is needed to deter all shirking. What is your recommendation to the company? Explain.
the nation of ectenia has 20 competitive apple orchards which sell apples at the world price of 2. the following
Mmachines of Newspaper vending are designed so that once you have paid for one paper; you could take more than one paper at a time.
Illustrate what would happen to the dollar-yen spot exchange rate and the current account deficit if there were a decrease in Japanese investment in the United States.
Intra-industry trade comprise countries exporting and importing the same or very similar goods. Why would countries export and import the same or similar products.
How many trees should be cut to maximize the profit?
Higher unemployment caused by ression and higher prices have contributed to substantial reduction during 2008 in the number of vehicles on bridges, roads, and in tunnels.
What should be the deciding factor in intervention by the international community when allegations of human rights abuses are made - humanitarianism or the extent to which action/inaction will result in a power vacuum ultimately filled by terror o..
A rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has arisen whereby the utility could use a combination of wind and solar power generators, but it will be a few years before the ene..
Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -2. The marginal cost of producing the product is constant at $275, while average total cost at current production levels is $360.
Every so often, a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers. They are, however, willing to ..
suppose you know that CLS's MRT of wine of garbage disposal services is 2:1(to obtain more bags of garbage disposal services requires a reduction of one bottle of wine (keep inputs constant), and Brewster's MRS of wine for garbage disposal is 3:1.
A small business which produces plastic vacuum-suction covers for round household dishes has monopoly that is protected through a utility patent. Market demand curve for this product is estimated to be:
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