Tài liệu Microeconomics for MBAs 7 pptx

... to look for other reasons, mainly as a means of improving incentives for workers to do as the employer wants. As it turns out, Henry Ford was not offering his workers something extra for nothing ... of the wage would be returned in the form of greater production and sales and even greater job security for workers. But there were other benefits for Ford. When workers are paid...

Ngày tải lên: 15/12/2013, 10:15

... ways, and many of their differences have important implications for the type of productive efforts for which they are best suited. For example, both of the authors would have liked to have been ... monitoring and enforcing greater efficiency in public agencies. [See Gordon Tullock, The Mathematics of Politics (Ann Arbor, Mich.: University of Michigan Press, 1 972 ), especially chap....

Ngày tải lên: 15/12/2013, 10:15

... dollar holdings of foreign banks. So will American expenditures abroad whether for tours or for foreign stocks and bonds. Americans must have francs for such transactions; therefore, they must ... Economics, ed. Paul Samuelson (New York: McGraw-Hill, 1 973 ), 7 th ed., p. 2 37. Chapter 17 International Trade and Finance 22 If you pay for your French cheese in dollars, you wr...

Ngày tải lên: 15/12/2013, 10:15

... dismisses for being wrongheaded or for not being important. 5 What Coase was interested in, however, was not a catalogue of “small” explanations for this or that firm, but an explanation for the ... always look for competitive bids from alternative suppliers for everything used whether in the form of parts to be assembled, accounting and computer services to be used, or, for...

Ngày tải lên: 24/12/2013, 17:15

... Reasons for Firm Incentives 46 Nevertheless, we might expect employers to pay for specific human capital when they have a reputation for fair and honest dealing. As we have argued before, ... of being around for a number of years. Financially shaky firms in highly unstable markets are going to be reluctant to pay for the cost of their workers’ MBAs. Credit will, for th...

Ngày tải lên: 24/12/2013, 17:15

... people pay for them every year shows that there is a demand, illustrated by curve D 1 in Figure 7. 3. In getting shots for themselves, however, people also provide external benefits for others. ... firm. Table 7. 1 incorporates these assumptions. Firm A, for example, must pay $100 to eliminate the first unit of sulfur dioxide and $200 to eliminate the second. Firm B must pay...

Ngày tải lên: 24/12/2013, 17:15

... your recruiting efforts on the candidate with the smallest house. Why? You can get that candidate for a lower salary, everything else equal. He or she has a low preference for housing, as revealed ... Jolla on a one- tenth of an acre lot, for example, sells for about $500,000. Approximately the same house can be bought in Six Mile (with much more land) for $100,000. The enginee...

Ngày tải lên: 21/01/2014, 22:20

... the coast in Southern California have to pay high prices for their housing partly because of the climate, which is very temperate (with high temperatures in the 70 s) for much of the year. Accordingly, ... marginal cost of a bushel of tomatoes will decline from $10 for the first bushel to $5 for the second before rising to $10 again for the third bushel. That is, increasing mar...

Ngày tải lên: 21/01/2014, 22:20

... value of $4. 67 on the first fish (point a in the figure) and places the relatively low marginal cost of $1 on forgone opportunities for it (point b). In other words, he gets $3. 67 more value ... 0 .75 (1st bushel) 2 $10 3 2.00 1.00 (2 nd bushel) 1 $ 5 Point at Which Diminishing Maginal Returns Emerge 4 2.60 0.60 5 3.00 0.40 (3rd bushel) 2 $10 6 3.30 0.30 7 3.55 0.25 8 3 ....

Ngày tải lên: 21/01/2014, 22:20

... in the shaded area. (If consumers are willing to pay P 2 for Q 1 then they should also be willing to pay less for that quantity for example, P 1 .) Furthermore, all price-quantity combinations ... quantity at each price Q 3 instead of Q2 at price P 2 , for example. They will also accept a lower price for each quantity P 1 instead of P2 for quantity Q 2 . Conversely, the dec...

Ngày tải lên: 15/12/2013, 10:15