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Question: 1. What is meant by Pareto efficiency or Pareto optimality? What is the importance of the initial distribution of resources in determining what the distribution of resources will be after all Pareto improvements have been made?
2. A valuable resource in which we typically forbid voluntary exchange is votes. This may be inefficient in that, as we have seen, given any initial endowment of resources, voluntary exchange always makes both parties better off (absent any clear sources of market failure). Show that it would be a Pareto improvement if we were to allow a legal market for votes. Are there any clear sources of market failure in the market for votes? If so, what regulatory correctives would you apply to that market? Is it bothersome that there is a wide variance in income and wealth among the participants in this market, and if so, why is that variance more troubling in this market than in others, and what would you do about it in the market for votes?
Do you think organizations should require training in 'successful negotiation' skills for their negotiators?
What have been major decisions handed down by the U.S. Supreme Court since 1990? How have these cases impacted the business environment?
Compare the average level of interest rates among the three types of loans.
Recycled Furnishings is a division of an international home furnishing company called Thor Enterprises. Recycled Furnishings makes glass sofas for outdoor use from recycled bottles and glass. The business has grown rapidly in the last thirty years an..
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By the tenth repetition trainees must be able to complete the assembly task in 1 hour or less. Susan sweaney has just spent 7 hours on the fourth unit and 5 hours completing her eighth unit, while another trainee, Julie Burgmeier, took 4 hours on the..
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Using newspaper, magazines, or the Internet, find examples of operations and supply chain strategies. Write a few paragraphs describing the situation and the strategies being pursued.
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Company background, organizational mission, vision, and value statements
Write a brief narrative outlining your procedures for revising your communication plan for Health care. Revision procedures for this assignment must focus on the Communications Plan (not overall project plan).
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