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Assume that the Good Tire company needs outside legal help and that the expected marginal benefit of this help is given by MB=$200- 2-L, where L equals hours per week of legal services. At the same time assume that the marginal cost to the law firm for providing these legal services is constant and equal to $100 per hour. In this context, discuss how different assumptions about market structure, information availability and agency cost will yield different conclusions about the amount of legal services provided and also about the charge for these services.
Using the World Bank classification of countries, select countries from the different categories and examine the data on output growth and education level. Is there a systematic relationship?
For 5 years you have owned and operated a small company, ABC Desks, that designs and manufactures high-end custom wooden desks. The business is incorporated and pays state and federal taxes separate from your personal income. Develop an Income Statem..
Derive the indirect cost and the indirect profit function associated with the two factor Cobb-Douglas Production function. Explain the role of Lemmas in your derivation and why are they needed in modeling work.
Which of the following shifts both short-run and long-run aggregate supply left?
In consumer-directed health insurance plans it is possible to have low levels of deadweight loss from moral hazard, while also having low coinsurance rates and no supply-side restrictions. State policies that mandated the release of physician report ..
Suppose that GDP is $18,520, taxes are $1,927, consumption is $4,856, transfers are $95, and government spending is $2,562. What are private savings?
Illustrate what type of organization has a high fixed cost and low variable cost balance to run its operations. Discuss the balance of fixed and variable costs for the organization.
distinguishing feature of monopoly. average revenue (For a monopolist) is. true of the profit earned by a monopilist. Which of the following factors explain the difference in long-run profits earned by a monopolist and a perfectly competitive firm
The demand for your college newspaper is 6,000 copies each week if the paper is given away free of charge, and drops to 5,000 each week if the charge is 10¢/copy. However, the university is prepared to supply only 900 copies per week free of charge, ..
q.the long-run cost function for leanns telecommunication firm is cq 0.03q2. a local telecommunication tax of 0.01 has
Name and discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets. Describe the major differences between depository and non depository inter..
How do things change based on this scenario?*The market for hybrid cars is changing. There are more providers but due to bad publicity and poor performance, demand is falling.How do I set up a graph with this information?
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