Tài liệu Microeconomics for MBAs 29 doc

... another. For example, if the only objective had been to increase the recipient's well being as much as possible, the contribution would have been made in the form of money or some other form ... very accurate picture of the public’s demand for a service like police protection. When people vote for representatives or in a referendum, they vote for or against or yes or no. The...

Ngày tải lên: 21/01/2014, 22:20

... people. Most motel operators, for instance, have room for only a very small newsstand, and so they tend to carry the mass-circulation weeklies and monthlies. For their own reasons, consumers ... 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 decr...

Ngày tải lên: 15/12/2013, 10:15

... mathematical formula for computing the present value of future costs or benefits received one year from now is PV = [1/(1 + r)] f, where PV stands for present value, r for the rater of interest, and f for ... benefits in a graph. 10. Henry Ford more than doubled his workers’ wages. Did worker real income double by Ford’s pay policy? Reflecting on the general principles behind Ford’...

Ngày tải lên: 15/12/2013, 10:15

... 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 if information ... payments and fringe benefits for unionized retirees at the same time they negotiate the pay packages for the current workers. Even when retirement benefits are fixed for retirees’ lives, the...

Ngày tải lên: 15/12/2013, 10:15

... concern for the poor, who may be unable to afford the information necessary to make an informed choice. The poor may also be the least capable of understanding technical product information, ... The market demand for information, like the market demand for protective bumpers, will not fully reflect its social benefits. Because of external benefits, the quantity of information produc...

Ngày tải lên: 15/12/2013, 10:15

... advantage in pricing their products. When Congress forces employers to pay more in money wages, it also forces them to pay less in other forms, most notably in fringe benefits. If there are ... Workers Really Better Off?” (Paper prepared for presentation at a conference on minimum wages, Washington, D.C., National Chamber Foundation, July 29, 1987). For more details, see Walter J. W...

Ngày tải lên: 15/12/2013, 10:15

... departments and, for larger projects, across departments. However, “teams” also present problems in the form of opportunities for shirking (which should be self–evident to many MBA students who form their ... the most common form of business organization and also the form that contributed most to national production. As it is, while proprietorships outnumber other business forms (for...

Ngày tải lên: 24/12/2013, 17:15

... tried, which forced the team members to think competitively, had median initial effort levels on par with the initial effort levels observed under forcing contracts. However, the effort level ... that the history of the team performance matters: the higher the team performance at the start, the greater the team performance thereafter (although the effort level might be declining over ......

Ngày tải lên: 24/12/2013, 17:15

... further removed from the local information available to workers at the bottom of the pyramid. There is a need to process information up and down the pyramid. When the information goes up, there are ... business travelers. For example, USAir announced plans to provide a Business Select class (featuring roomier seats and better meals) for those business travelers who pay full fare for...

Ngày tải lên: 24/12/2013, 17:15

... Reasons for Firm Incentives 29 and rents it to the supplier can benefit from the fact that less threatened suppliers will charge lower prices. This consideration may also be a motivation for ... uniform amount for each worker and in which the provision of the fringe has no impact on worker productivity, but increases the value of work and increases the supply of Chapter 6....

Ngày tải lên: 24/12/2013, 17:15