When informally surveyed in class, many of you responded that, all else being equal, you would prefer to work for a company that wasdedicated to sustainability than one that was not. If this is accurate, then companies who want to attract top talent may "go green."What is the name of this phenomenon?O The first mover advantageO The human capital hypothesisO The Porter hypothesisO Green behavioral economics

Answer: option a (The first-mover advantage) Explanation: If a company goes green first (moves…

Answered: When informally surveyed in class, many…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Only typed answer and don't use chatgpt Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one shot to reach an agreement. Management has the ability to announce what it wants first, and then the labor union can accept or reject the offer. Both players get zero if the total amounts asked for exceed $50. Which of the following is true? A There are multiple Nash equilibria. B ($25, $25) is a Nash equilibrium. C A Nash equilibrium is also a perfect equilibrium. D There are multiple Nash equilibria, and ($25, $25) is a Nash equilibrium.
You have conducted a study to determine if there is independence or dependence between market segments (A-C) and prices the segments are willing to pay for a product. The following cross tabular output appears. Under $10 $11-$15 over $15 All A 50 30 20 100 50.00 30.00 20.00 33.33 27.27 50.00 16.67 10.00 6.67 50.00 36.67 13.33 0.000 1.212 3.333 B 40 50 10 100 40.00 50.00 10.00 26.67 45.45 25.00 13.33 16.67 3.33 50.00 36.67 13.33 2.000 4.848 0.833 C 60 30 10 100 60.00 30.00 10.00 40.00 27.27 25.00 20.00 10.00 3.33 50.00 36.67 13.33 2.000 1.212 0.833 All 150 110 40 300…
In a typical product mix model, where a companymust decide how much of each product to produceto maximize profit, there are sometimes customerdemands for the products. We used upper-boundconstraints for these: Don’t produce more than youcan sell. Would it be realistic to have lower-boundconstraints instead: Produce at least as much as isdemanded? Would it be realistic to have both (wherethe upper bounds are greater than the lower bounds)?Would it be realistic to have equality constraints:Produce exactly what is demanded?
Problem: Imagine you have two competing athletes who have the option to use an illegal and dangerous drug to enhance their performance (i.e., dope). If neither athlete dopes, then neither gain an advantage. If only one dopes, then that athlete gains a massive advantage over their competitor, reduced by the medical and legal risks of doping (the athletes believe the advantage over their competitor outweighs the risks from doping ). However, if both athletes dope, the advantages cancel out, and only the risks remain, putting them both in a worse position than if neither had been doping. What outcome do we expect from these two athletes? Please use ideas like concepts of monopolies, Oligopolies and Game Theory and Factor markets for this scenario.
QUESTION 23 In the 1950s, Walt Disney began to plan the development of a theme park that would eventually become Disneyland. Disney hired an economist to help determine whether the park would be a financial success. This economist surveyed managers of existing amusement parks for advice. Many of these managers A. recommended that the theme park be located in California because population in the state would increase greatly in the future. Disney followed this advice. B. recommended that Disney first build an audience for his park by offering the ABC television network a weekly program that would feature Disney movies, cartoons and original programming. Walt Disney followed this advice. Both the television program and Disneyland were financial successes. C. recommended that Disney not build the park and leave the amusement park business to those who knew what they were doing. D. believed that a theme park would be very successful because the Disney name created a market among children…
7. A firm's can sell higher quality products for more: P = 10 + 20 X, where X is the quality of the product sold. Workers hired by the firm make a product, the quality of which depends on effort and luck X = e +€, where X= Quality, e = effort, and e = Luck E(e) = 0. .so average quality depends on effort Wages are contingent on outcome (X) where w = C(e) = e² with e20 10 + 8 X and the cost of effort Determine the level of effort, the expected wage, and the expected profit for the above wage arrangement. Compare your results to the case where workers are paid a standard wage of $10 and the level of effort and the quality of the product do not alter the wage.
TRUE/FALSE One reason that tax revenue may fall when tax rates are increased is due to tax evasion, that is, the higher the tax rate, the higher the probability of the tax evasion and thus, lower tax revenue. The example I used was when Canada quadrupled the tax rate on cigarettes Canadian citizens sought out to buy illegally smuggled in US cigarettes to evade the tax on Canadian cigarettes.
Consider figure 8.2 and 8.3 on pages 218 and 219 from the textbook. . Consider each of the following scenarios separately. 11. I Suppose in the leader country (Country 1) there is a rise in cost of copying at every level of technology gap (A1/A2), possibly caused by factors influencing the cost of copying other than technology gap (possibly education). Show how these graphs will be affected as a result of this new change. On your well labeled graphs you must clearly indicate the shift of the relevant curve (s) and the direction of the shift. Explain your answer in 2-3 sentences. Suppose pandemic reduces population growth decreasing the number of workers available to both the countries by same amount. Show how these graphs will be affected as a result of this new change. On your well labeled graphs you must clearly indicate the shift of the relevant curve (s) and the direction of the shift. Explain your answer in 2-3 sentences.
ECONOMETRICS: Give an example of how and why heteroskedasticity might arise in economic data.
Jason Stilton is the chief executive officer of RightLiving a company that buys life insurance policies at a discount from terminally ill persons and sells the policies to investors for 85% of the value of the future benefit. The patients recieve the cash to use for medical and other expenses and the investors are guaranteed a positive return on thier investment. The diffreance between the purchace and sale prices is the RightLivinf Profit. Stilton is aware that some sick patients may obtain insurance policies through fraud (Not revealing thier illness on the insurance application). An insurance company that discovers such will cancel the policy and refuse to pay. Stilton beleives that most of the policies he has purchased are legitimate, but he knows some are probably not. Question Using IDDR approch, discuss the decision process Stilton should use in deciding whether to disclose the risk of fraudulent policies to potential investors.
Alt axe homothetie, but all homathetie 6: AIl hamogeneousunctions log Sunctions ate not homoganeous.- explain.

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