+61-413 786 465
info@mywordsolution.com
Home >> Microeconomics
A salesperson can put in regular effort (resulting in a 40% chance of sale) or high effort (60% chance of sale). If high effort costs the salesperson $20 more than regular effort, how large of a per-sale bonus is needed to encourage high effort?
Microeconomics, Economics
Question: Write a 300+ word essay introducing yourself to your instructor. In your essay be sure to answer each of the following: What would you like your instructor to know about you? Why did you decide to take this par ...
Question: Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment ...
Question: If you want to have $500,000 in today's dollars in account after 10 years, how much do you need to put into this account today assuming 3% annual inflation and a 4% nominal annual bank rate compounded monthly? ...
Question: Minimum wages and rent controls are implemented in an attempt to help those of modest means. Explain the costs and benefits of such price controls. Suggest alternatives that you believe would be more appropriat ...
Question - Consumer's surplus Sir Plus has a demand function for mead that is If the price of mead is given by the D(p) = 100 - p. If the price of mead is 75, how much is Sir Plus's net consumer's surplus? (a) 312.50 (b) ...
Question - Let Y be a random variable distributed as shown in the accompanying table. y 0 1 2 3 p(y) 0.4 0.3 0.2 0.1 A) Find the mean of Y or, E(Y). B) Find the standard deviation of Y, or sd(Y).
Question: Define regressive tax, If a tax system makes a family with 40,000$ income pay 3,000$ in tax while a family with a 80,000$ income pays 5000$ in tax does that suggets regressivness? The response must be typed, si ...
Question: Labor Migration may be considered an investment in human capital. A. Identify and detail three costs and benefits of labor migration. B. Use the analytical framework of human capital investment to explain the m ...
Question: What is the Lucas critique? What are rational expectations and how do they relate to the Lucas critique? What does it suggest might be a problem with activist and discretionary policy? The response must be type ...
Question: When the demand curve is in the region of price inelastic, raising prices will increase revenue. So should a firm ever stay in the region of price inelastic or should they increase prices until price elasticity ...
Start excelling in your Courses, Get help with Assignment Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.
Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As