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1.) Would auctioning broadcast licenses be more efficient than having the Federal Communications Commission (FCC) assign licenses on basis designed by the FCC? Explain.
2.) Which of the three types of government policies- antitrust, social regulation, or economic regulation- is the basis for each of the following? Who benefits from the policy?
a.) Beautician education standards b.) Certified public accounting requirementsc.) Liquor licensingd.) Justice Department Guidelinese.) The Clean Air Actf.) The nutrition and labeling act
3.) "The Japanese or Chinese or Koreans or others, are beating us at every step. We must act as they do. We must allow and encourage cooperation among firms, and we must develop partnerships between business and government." Evaluate this argument.
4.) "The government should not be the sole provider of a good or service unless there is a compelling reason." What compelling reason? Would you agree that issuing drivers' licenses must be left to the government?
5.) What is a natural monopoly? Can you think of an example of a natural monopoly? If you can, explain why you consider it a natural monopoly.
The Green Show Corporation is planning going to a piece rate system, where manufacturing workers are paid based on their level of output.
American Linen is a company that has multiple salespersons. In 2008, it changed the compensation method for its sales force, moving from a system of fixed wages to one of base wage plus charge.
Assume capital is fixed at 16 units. If the company can sell its output at a price of $100 per unit and can hire labor at $25 per unit,
The accompanying table demonstrate a car manufacturer's total cost of manufacturing cars. Calculate manufacturer fixed cost
What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.
At several universities and colleges, business professors receive higher salaries than professors in others fields. Why might this be the case?
Use the following information of a company's total cost schedules to calculate its average variable cost, average fixed cost, average total cost, and marginal cost schedules.
Woodland Instruments, Company operates in highly competitive electronics industry. Prices for its R2-D2 control switches are stable at $100 each.
Suppose Amanda Herman finds that her total spending on compact dics remaing same after price of compact fall, other things equal.
BP recently evaluated a proposal for switching to a new system of storage for refined petroleum products. Based on their analysis of the project, the initial investment required for project is 50 million dollar,
The company Three, SRL, sells three different products and sets the sales value for every product at 1.5 of their respective variable costs.
A portfolio manager is being evaluated based on the time-weighted average rate of return. If the manager had achieved annual returns for the past three years of 2.5 percent, 14.5 percent and 9 percent on one initial investment of $500,000,
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