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As the department head you urgently need to find an experienced person to fill a vacancy. The work involves close cooperation and coordination with other inside and outside of the department. Candidate A has exactly the experience required, but appears to be very unsociable. Candidate B has experience in a related job and seems to have a pleasant personality, though not an extrovert. Candidate C has business experience in a different industry and is extremely sociable. All three candidates have scored sufficiently high on intelligence tests to qualify for the job in terms of general ability. Which candidate would you choose, and why?
Which of the non negativity constraints on x1; x2 will bind for small m? c. Derive for the Marshallian demand functions and the indirect utility function. d. Derive the expenditure function for utility level u.
Karen has kept her entire life savings, $50,000, in a floor safe underneath her bed. This morning, she make a decision to deposit her savings in a checking account at Cambridge Bank.
Illustrate what recommendations you make to assist the organization
Why does the assumption of independence of risks matter in insurance What would happen to premiums if the probabilities of houses burning were positively correlated Can you think of a situation where they might be negatively correlated
Suppose Corporation X deposits $80,000.00 in cash in commercial bank Y. If no excess reserves exist at the time this deposit is made and the reserve ratio is 30%,
Explain how much profit will the perfectly competitive firms earn. How much profit will the monopoly firm earn.
Compute profit-maximizing output, price, and profit levels and Use the Lagrangian multiplier method, compute profit maximizing output, price, and profit levels in light of a parts shortage that limits output
A symetric information can have deleterious effects on market outcomes. Discuss a few tactics that managers can use to overcome these problems.
Assume that initially the price is $50 in a perfectly competitive market. Company are making zero economic profits.
Town employees occasionally use their own automobiles on official business. The currentreimbursement rate is $.25 per mile. The employees union complains to town manager thatnumerous studies demonstrate
At the national level, public debate has centred on the performance of the main monetary measure – GDP. Each year we must do better than the last; otherwise we are officially in recession…while GDP growth is important for raising living standards, it..
Assume you are given the following information about a particular industry, Determine the equilibrium price, the equilibrium quantity, output supplied by the firm, and the profit of each firm.
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