Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A company is hiring a salesperson. If the salesperson works hard, there is a 90% chance that the sales revenue will be $1 million and 10% chance $500,000. However, if the person pays no effort, the chance of sales revenue being $1 million will be reduced to 40% and $500,000 increased to 60%. Penny has applied to the job. She is currently working at a restaurant, which pays her $30,000 a year and requires no effort. The company is risk-neutral and maximizes its (expected) profit. a. Penny's utility is U= w 0.7 -c(e), where w is her annual salary and e is the level of her effort. e can take two values, eh for working hard and el for no effort. c(eh)=650 and c(el)=0
Suppose that Penny's effort is not observable. Write down the PC and ICC of the offer package to induce Penny to work hard. Write out the profit maximization problem of the company. What is the optimal package the firm will offer to Penny?
The federal Insurance Contributions Act tax is a payroll tax that finances Social Security and MEdicare. By law, employees each contribute 7.65 percent of the workers wages toward the events.
Assume that the government imposes a lump-sum tax on a monopoly, what will happen to the output and market price?
suppose you attend a meeting at work to discuss whether to change the price of your product. you think demand is
Discuss and explain the limitations of the United States "supply side" policy in the war on drugs. Can we win the war on drugs? Describe your position on legalization.
Why is it possible to change real economic factors in the short run simply by printing and distributing more money? Explain why a stable 5% inflation rate can be preferable to one that averages 4% but varies between 1-7% regularly.
Describe the shape of the demand curve for reserves and explain why the curve has that shape.
demonstrate graphically the cost of income taxation of 30 to consumers and producers for an income of 27908?how does
How do the principles of economics (macro or micro) influence these goals? What concepts from the course are applicable to your career path?
Papers should be two to three pages. The papers should be type written with a professional look. Why the emphasis on professional look?
Scarcity can best be defined as a situation in which: Which of the following is NOT a factor of production? Ceteris paribus is the Latin expression meaning: The additional cost resulting from a small increase in some activity is called the: If a cons..
During the French Revolution, what was the relationship between the legislative and judiciary? Were they independent? Were they equal?
Materiality and Risk. Dag Nilsson, Auktoriserad Revisor (AR), considers the audit risk at the financial statement level in the planning of the audit.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd