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Which of the following statements is true of an arbitrator?
A. An arbitrator must have a background in law.
B. An arbitrator is usually assigned by a court.
C. An arbitrator has no say on the substantive and procedural rules to be followed.
D. An arbitrator's decision is called an award.
A monopolist faces the price equation: P=1,000-0.5Q and total cost: C=50,000 +100Q + .4Q^2. A. Determine the price and output that maximize total revenue, and the level of profit. B. Determine the price and output that maximize profit and the leve..
Recently, the House of Representatives passed legislation to increase the minimum wage in the nation from $5.15 to $7.50. What are the pros and cons of this proposal? Provide an analysis based on the demand and supply of labor.
the table below shows the hypothetical baskets of consumption goods for a typical penn state college student for 2012
The supply and demand for Mandarin-English
if you have the utility function uxy min3x y 4y. where x is measured on the horizontal axis and y is on the vertical
Suppose that consumption depends on the level of real money balances (on the grounds that real money balances are part of wealth). Show that if real money balances depend on the nominal interest rate, then an increase in the rate of money growth a..
Assume that a purely competitive firm is selling 2000 television sets a day at a cost of $90,000. Assume that if the firm sells 1600 units per day, its total cost would be $60,000, and if it sold 1000 units per day, it would have a total cost of $55,..
Toyota Motor Corp., like most major multinational corporations, enjoys easy access to world financial markets. Explain why the NPV approach is the most appropriate tool for Toyota=s investment project selection process.
Data for a monopolist’s total revenue (tr), total cost (tc), and output (q), for 48 consecutive months, appear in the file data#1. Suppose that the monopolist’s economic models for total revenue and total revenue and total cost are given respectively..
Since economists do not favour trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for Infant Industries. Are there any arguments for trade restrictions that most economists would..
wyandotte chemical company sells various chemicals to the automobile industry. wyandotte currently sells30000 gallons
Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it..
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