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1. ABC was formed in 1996 and hired employees that year. At a meeting in 1997, they expressed concern to an executive that the company was not likely to survive as they used outdated equipment and worked long hours. The executive told the employees that they should stay with the company because it was likely the firm would merge with another company and, if it did, the original eight employees would be rewarded with five percent of the value of the sale or merger of ABC. In 2001, ABC was bought by another company. Seven of the eight original employees were still with the firm and requested their five percent of the sale price. The company refused to pay, contending that the employees were at-will and there was no enforceable contract, the alleged agreement was illusory and, in any case, it violated the statute of frauds because it took more than one year to come into effect. The employees sued for breach of contract.
What does this tell you about the relevance of ease of substitution to the effect of continual energy efficiency gains on energy growth - What happens to the growth rate of energy demand?
Using the data in the following table, Complete the last two columns by replacing the * with the correct values and create the following curves in one chart.
Variance Inc. is in a relatively unstable environment with more frequent changes in technology, competition, and regulation. Both produce the same number of products. Which firm is more likely to be functionally organized? Explain why.
They are also uncooperative with one another. What do you think might be causing this behavior, and what might you do to improve the situation?
1.In what ways is a monopolistically competitive firm likely to be less efficient than one under perfect competition?
Superior Metals Corporation has seen its sales volume decline over past few years as the result of rising foreign imports. In order to raise sales, the company is planning a price reduction on luranium
Why is it difficult to estimate the magnitude of the benefits of completing the internal market of the EU?
1.Why might it be better to ban certain activities that cause environmental damage rather than to tax them?
According to the chief engineer at the Zodiac Corporation, Q=AL^a K^b, where L is the rate of labor input, Q is the output rate, and K is the rate of capital input.
Firm A is paying a current dividend of $2.09 per share, with a 4 percent growth expectation into the future. The three month T-Bill, a risk-free asset, has an yearly yield of 3.5%,
Discuss two problems that arise in estimating cost curves. Suppose that the marginal product of labor is: MP = 100 - L, where L is the number of workers hired.
Calculate the six-firm concentration ratio and Herfindahl-Hirschman index for this industry. What does each of these measures have to say about the degree of concentration in the industry? Explain.
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