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Suppose compensation is given by W = 450,000 + 220 π + 15S, where W = total compensation of the CEO, π = company profits (in millions) = $300, and S = sales (in millions) = $500. What percentage of the CEO's total earnings is tied to profits of the firm?
Describe state capitalism in China and explain what policies China uses for its economy. Explain why China has been so successful so far. Explain what the potential challenges for continued success in China might be
Note that the inverse demand functions for the high-valuation and low-valuation consumers in Figure 6.4 is p(q) = 16 − q and p(q) = 12 − q, respectively. If the monopolist could tell the two consumer types apart, what are the optimal block pricing co..
A firm has a production function defined as y = 40L1/10K7/10. The firm faces costs of $10 wages, and $100 rental rate of capital. Find the cost function, and average total cost, average variable cost, and marginal cost functions.
What are the new equilibrium price and number of houses? How many of the "old" families (non-immigrant) have lost their ability to buy a house?
Which of the following is true regarding tort litigation?
What do we learn about private goods
Assume you are the manager of a small coffee shop. How would knowledge of your production function aid in your management decisions?
1. In June 2009, the BLS announced that of all adults, 140,196,000 were employed, 14,729,000 were unemployed, and 80,729,000 were not in the work force.
Briefly describe the two main layout types. Provide the main advantages and disadvantages of both types.
Illustrate what adjustments are required for China to rebalance its current account. Illustrate what risks are inherent in such adjustments.
He finds which he is overworked also which several of his research scientists seems to be spending work hours playing tennis.
Using a simple linear regression you estimate the following relationship between NCD and GDP: NCD= 70.8 - 0.0117GDP
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