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A manager notices the company's sales personnel are offering its customers deals that, while increasing revenues, are lowering profits. After reviewing the company's compensation plan, the manager finds bonuses are based on sales revenue. Explain the sales personnel's behavior using the economic principle that "people respond to incentives" and recommend a change to the compensation plan to correct this problem.
What macro-environmental forces does the accounting industry need to consider? Political, Economic, Socio-cultural, Technological, Legal, Environmental (natural)
consider the following model i c 1500 mpc y - tyii i 800iii g 500iv x - m 500 - mpi ywheret the flat tax
You have the following information about two economists. Economist A examines how a tax cut affects the housing market. Economist B examines how a tax cut affects the level of GDP
If a price taker raises its price above the market price,
Determine the optimum economic thickness of insulation. Under the following conditions, determine the optimum economic thickness of insulation for a 1-in. standard pipe carrying saturated steam at 100 psig.
Find (algebraically) consumer’sAutility maximizing (optimal) combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.
When the United States puts tariffs on imports, who do you think ultimately pays these tariffs? Is it the foreign companies selling here, American consumers.
Will you use micromanagement or macro management? What is the decision dependent on? How will you reward the top employees? How will you handle lower-preforming employees?
The Consumer Product Safety Commission should uphold strict safety standards for all children's toys.
It has been said that the market for corporate control is unimportant to the economy because people in it make only "paper profits."
The domestic demand and supply for sugar are Qd = 40,000 - 200 P. The foreign supply is QSF = 20,000 + 100 P. Determine the total supply of sugar in the domestic market?
The director of a theater company in a small college town is considering changing the way he prices tickets. He has hired an economic consulting firm to estimate the demand for tickets.
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