Tài liệu Microeconomics for MBAs 9 docx

... profits for such a franchise must be discounted, or multiplied by 0 .90 . If 10 percent of such ventures can be expected to fail, on average each will earn $90 0,000 ($1 million x .90 ). The ... Government Printing Office, 199 8), table 732. To obtain the total cost of childcare, you must then estimate the value of parental time. 3 The mathematical formula for computing the pre...

Ngày tải lên: 15/12/2013, 10:15

... (Washington, D.C.: American Enterprise Institute for Public Policy Research, 197 3), pp. 19 30. 6 David L. Johnson, “An Analysis of the Costs and Benefits for Criminals in Theft” (Economics Department, ... on that information. People cannot assimilate all the information they need to make rational choices, however. People do lack information, and they could make better choices...

Ngày tải lên: 15/12/2013, 10:15

... “Fair Minimum Wage Act of 199 9,” H.R.325 (January 19, 199 9); Senate, U.S. Congress, 106 th Cong., 1 st Sess., “Fair Minimum Wage Act of 199 9,” S. 192 (January 19, 199 9)]. 3 As quoted by Janet ... support in Congress for another hike in the federal minimum wage is growing. Following the lead of President Clinton, who called for an increase in the minimum wage in his 199 9 State...

Ngày tải lên: 15/12/2013, 10:15

... Brookings Institution, 199 0), pp. 95 - 140: and U.S. Department of Labor, High Performance Work Practices and Firm Performance (Washington, D.C.: U.S. Government Printing Office, 199 3). 55 John Cable ... Economic Journal, vol. 99 (June 198 9), pp. 366-375. 56 See Mark Husled, “The Impact of Human Resource Management Practices on Turnover, Productivity and Corporate Financial Perform...

Ngày tải lên: 24/12/2013, 17:15

... Welfare of Bituminous Coal Miners, 1 890 - 193 0 (New York: Oxford University Press, 199 2); especially chapters 8 and 9. Chapter 6. Reasons for Firm Incentives 38 • Workers, who may suffer ... 28 (May 198 5), pp. 345-361. Chapter 6. Reasons for Firm Incentives 33 The chances for opportunistic behavior can be lowered through franchising, but hardly eliminated. 49...

Ngày tải lên: 24/12/2013, 17:15

... buyer with no information on the condition of a car for sale would expect a 199 0 Honda Accord to be worth, on average, only $3,500. But if buyers are willing to pay $3,500 for a 199 0 Accord, many ... sell for less than $4,000. So the mix of 199 0 Accords for sale will tilt more in the direction of poorly maintained cars, their expected value will decline, and even fewer well-m...

Ngày tải lên: 24/12/2013, 17:15

... There are two formulas for elasticity, one for use at specific points on the curve and one for measuring average elasticity between two points, called arc elasticity. The formula for point elasticity, ... 20 10 – 9 10 1 95 E d = ½ (10 + 20) ÷ ½ (10 + 9) = - 15 ÷ 9. 5 = - 15 = -6.33 or 6.33 in absolute value. Arc elasticity between points c and d: 90 – 100 2 – 1 10 1...

Ngày tải lên: 21/01/2014, 22:20

... Review (September-October 198 9), pp. 64-65. 6 Al Dunlap and Bob Andelman, Mean Business: How I Save Bad Companies and Make Good Companies Great (New York: Times Books, 199 6), p. 81. Chapter ... Henry N. Pontell, “The Savings and Loan Debacle of the 198 0s: White-Collar Crime or Risky Business?” Law & Policy, vol. 17, no. 1 (Jan. 199 5). Chapter 10 Production Costs in the Shor...

Ngày tải lên: 21/01/2014, 22:20

... profit incentive for expansion. If it expands before other firms, its lower average total cost will allow it to make greater profits for a short period of time. Consider Figure 11 .9, for instance. ... others are going to do, for one function of the market is to generate the pricing and output information people need to interact with one another. In a world of imperfect informat...

Ngày tải lên: 26/01/2014, 18:20

... Review, 72 (March 198 2), 1-15. For a critical analysis of the model, see William G. Shepherd, “‘Contestability’ vs. Competition,” American Economic Review 74 (September 198 4), pp. 572-587. ... benefits and money wages that best conforms to their preferences. For example, we have noted many young workers seeking part-time employment to help pay for college will want most of their c...

Ngày tải lên: 26/01/2014, 18:20