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1. Billy Riggan is in charge of all technical developments at Always Round Tire. He makes all the choices concerning product innovations in the company. He finds that he is overworked and that several of his research scientists seem to be spending work hours playing tennis. What is going on?
2. Always Round Tire tries to base its promotions on seniority (where education and training requirements are not necessary). The company finds that this system seems to work most of the time with shop floor supervisors and team managers. But the system breaks down for higher-level positions. Why?
If you are in charge of writing a strategic plan for our national environmental policy (EPA head?), what would your main areas of importance (water? Energy? Farming?...) what would the main recommendations be?
Writing Assignment Rubric: Thinking Like an Entrepreneur Top Scores (A-B) - The top scoring students will do the following:
Why does a regular/individual demand curve slope downward? Does aggregate demand (AD) curve slope downward because of the same reason(s)? If no, why does it slop downward?
Find the actual number of respondents corresponding to the given percentage. The number of adults who reported having more than one television are?
Informal financial institutions and its system are important in serving the group at the bottom of the income pyramid. Explain the characteristics of informal financial institutions and the importance of its financial systems.
What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (valued at 30$/h), doing problem sets for a maximum of 2h (valued at 10$/h), and suing for any amount of time (valued ..
If this is a two-good, two nation model, what would Nation B’s best choice in regards to trade and specialization?
Karen's money income is $180, the price of X is $3, and the price of Y is $1.5. Given these prices and income, Karen buys 40 units of X and 40 units of Y. Call this combination of X and Y bundle C. At bundle C, Karen's Marginal Rate of Substitution b..
A consumer has $600 to spend on goods X and Y. The market prices of these two goods are Px = $30 and Py = $10. What is the market rate of substitution between goods X and Y? Suppose that the consumer's income doubled. How does that alter the market r..
If you have a credit card with 14.4% APR. What is your monthly interest rate and what is your annual effective interest rate? If you have an outstanding balance of $1,800 on that card what would be the balance if you skipped 4 months payments (ignore..
In the country of Economica, the total labor force consists of 15,000 workers. 750 of these workers are unemployed, and thus the current unemployment rate is 5.0%.
Professor Grubert of MIT points out that nearly half of federal government spending is on social insurance programs, like social security, Medicare and Medicaid, Supplemental Nutrition Assistance Program or food stamps, the Earned Income Tax Credit, ..
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