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Question: 1. What factors account for the decline in private-sector unionism in the United States since the mid-1960s? What factors account for the rapid increase in public sector unionism during the same period?
2. What does it mean to say that a union has a utility function? How exactly is this utility function derived from the preferences of the workers?
What is the payback for an automated voice-mail system that will cost $25K to install and $300 per month to operate? It will save about 75% of the costs.
A large electric utility company releases 62 million tons of greenhouse gases (mostly carbon dioxide) into the environment each year.
A deck has four cards: the ace and deuce of hearts, and the ace and deuce of spades. After a fair shuffle of the deck, two cards are dealt to Alice.
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The Balance of Payments (BOP) is a rundown of the financial exchanges of a nation with whatever is left of the world for a particular period. It serves as a bookkeeping proclamation on the monetary dealings between occupants of the nation and non-inh..
What is the dominant strategy for Warner Brothers and what is the dominant strategy for Disney?
You are considering an investment in energy conservation (better insulation in your house) that has a lifetime of 5 years. It will cost you $130 to install and reap benefit in terms of energy saved of $10 in year 1, $20 in Year 2, $30 in year 3, $40 ..
Given the following primal problem, where E is a symmetric positive semidefinite matrix, derive the dual problem.
Identify which factors of the external environment influenced the company's decision. Pay close attention to customers, suppliers, competition, technology, socioeconomic trends, legislation, and economic trends.
Why does a reduction in the price of a good increase consumer surplus? Discuss
Using the same model, explain and illustrate the impact of the bumper harvest on the wheat market. Clearly explain the equilibrating process.
Assume that a simple society has economy with only one resource, labor. Labor can be employed to produce only two commodities- X, a necessity good (food) and Y, a luxury good ( music and entertainment). Assume the economy produced at a point inside..
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