Business, 06.03.2020 18:40 ghadeeraljelawy
Consider the following table. Quantity Total Private Benefit Total External Damage Total Private Cost 1 12 2 2 20 4 10 3 24 6 11 4 26 12 5 28 10 13 First column: output of an activity undertaken by person 1. Second column: total benefit for person 1. Third column total damage to person 2. Fourth column: total private cost to person 1. (i) What is the optimal choice for person 1 if he does not take into account the damage to person 2? (ii What is the socially optimal choice that sums the welfare of the two individuals? (iii) Assume now that person 1 is liable for the damages caused to person 2. What would person 1 choose now? (iv) What does the Coase theorem say about the case in which player 1 is not liable for damages? Specifically, how does output compare to part (iii)? (v) Does your answer to part (iv) imply that person 2 is worse, or better off (or just as well off) when player 1 is not liable for damages than when he is liable?
Answers: 3
Business, 21.06.2019 20:30
Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?
Answers: 2
Business, 21.06.2019 22:50
Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?
Answers: 2
Business, 22.06.2019 05:00
The new york stock exchange is an example of what type of stock market?
Answers: 1
Business, 22.06.2019 08:30
Hi inr 2002 class! i just uploaded a detailed study guide for this class. you can check-out a free preview by following the link below feel free to reach-out to me if you need a study buddy or have any questions. goodluck!
Answers: 1
Consider the following table. Quantity Total Private Benefit Total External Damage Total Private Cos...
Social Studies, 09.11.2020 02:00
Mathematics, 09.11.2020 02:00
Mathematics, 09.11.2020 02:00
Social Studies, 09.11.2020 02:00
Mathematics, 09.11.2020 02:00
Social Studies, 09.11.2020 02:00
Mathematics, 09.11.2020 02:00