Efficiency wage theory for unemployment
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Nick has an endowment of 20 x's and 75 y's which he can trade at the going prices. He has no other source of income. What is Nick's gross demand for x?
In Moore Company's flexible budget graph, the fixed cost line and the total budgeted cost line intersect the vertical axis at $90,150. The total budgeted cost line is $392,550 at an activity level of 60,480 direct labor hours. Compute total budget
Tourist have an elasticity of demand for a trip to Bahamas of -3. How much should an airline charge them for a ticket if the price it charges the general public is $360? Assume the general public has an elasticity of 2.
Demand for a monopolist's product is estimated to be Qd = 100 - 2P and it's total costs are C(Q) = 10Q. Under first-degree price discrimination the optimal price(s), number of total units exchanged, profit and consumer surplus are?
How might payment of an efficiency wage (a) reduce shirking by employees and (b) reduce employee turnover? What is the implication of the efficiency wage theory for unemployment? In what way are piece rates, commissions, royalties, profit sharing,
Calculates the output and price of wood working if it is produced under competitive condition without regulation. Determine the socially efficient price and output of woodworking.
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Explain what is meant by the term principal-agent problem. Give an example of a setting where this problem has arisen. Do you think that increased monitoring would have eliminated the problem? Why don't firms simply hire more supervisors to elimin
What principles of accounting for intangibles would cause Hilton to record brands as assets while Marriott does not? How will these differences in accounting for brands generally affect the net income and return on assets of these two competitors?
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