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Your organisation currently uses technology throughout the recruitment process. You feel that the technology being used needs to be updated or replaced. Management feel that this is not necessary. In 150 words document what you would say to them to explain why it is important to regularly review technical applications and to consider new options.
Assuming the ABC bank has excess reserves of %5,000, it could prudently expand its loans by a maximum
In a situation that occurs only once, if you advertise and your rival advertises, you will each earn $5 million in profits. If neither of you advertises, your rival will make $4 million and you will make $2 million. What is the solution or equilibriu..
His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find out the mean and standard deviation of the total payments he will receive.
q1. the demand for basic food stuffs like grains tends to be inelastic with respect to price. use this factor to
You are the manager of Copies Are Us. The only other copy store in town, the Carbon Copy, recently got bids on adding a color copier. You must decide whether to obtain a color copier, but you can base decision on what your rival does.
Can you think of an existing product that has been repositioned by finding a new market with a different need than the original product? Think of Croc's Shoes, for example. They repositioned from a casual, fun shoe to a practical work shoe for nurses..
Analyze the situations involving risk below to determine if they involve Moral Hazard (M), Adverse Selection (A), or the Principal-Agent Problem (P). For Moral Hazard write “M” in the blank.
Define price discrimination. Describe a price discrimination strategy that you could use at your movie theater (you must come up with a real-world strategy for this answer). How can you possibly earn extra profits by charging some customers a lower p..
What is the "free rider" problem and how is it related to the distinctive properties of public goods? Why will unregulated markets supply less than the optimum amount of a public good?
What economic problem might exist for the government to make this fiscal policy change? If the government wanted to achieve the same change in GDP as in part k by cutting taxes instead, how large would the tax cut have to be?
What bank regulations are designed to reduce moral hazard problems created by deposit insurance? Will they completely eliminate the moral hazard problem? What are the costs and benefits of a too-big-to-fail policy?
There are 16 hours daily to be divided between working for day and leisure. Working yields hourly wages of $10. Any hours worked in excess of eight hours are considered overtime, and are compensated at $15 hourly. Produce the budget constraint implie..
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