Questions
summary about US and EU relation after Donald Trump ?

summary about US and EU relation after Donald Trump ?

In: Economics

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A...

A sales employee generates sales revenue of either $1250 or $750, each with equal probability. A manager is paying the sales employee 25% of sales revenue, and the sales person has a utility function u(x) = x0.5. What is the lowest fixed salary (ie., independent of sales outcome) the manager can pay the employee instead, so that the sales person is not worse off? (a.)$887 (b.)$667.7 (c.)$453.5 (d.)$246.1

In: Economics

why it is efficient to produce only some goods instead of producing all goods required by...

why it is efficient to produce only some goods instead of producing all goods required by consumers?

In: Economics

3M is an innovative business. What makes the 3M company innovative as a business and personally?...

3M is an innovative business. What makes the 3M company innovative as a business and personally? Is 3M a company that largely pursues sustained innovation, or would you consider them a disruptor?

In: Economics

Explain how businesses can use price elasticity of demand to make decisions about whether to raise...

  1. Explain how businesses can use price elasticity of demand to make decisions about whether to raise or lower prices.

In: Economics

Suppose a country suddenly faces an unexpected but temporary fall in export demand so there is...

Suppose a country suddenly faces an unexpected but temporary fall in export demand so there is a temporary drop in current account, i.e. CA drops temporarily. The country has a fixed exchange rate for its currency. Use a DD-AA diagram to answer the following (you do not need to show the diagram, but you do need to write in words what happens on it).

a) Indicate any movement(s) of the curves on your diagram that can be observed as a result of this activity. Explain the reasons for the shift(s).

b) What happens to the exchange rate, E, as a result?

c) What happens to national income, Y, as a result?

In: Economics

Most aspects of foreign culture, like language, religion, gender roles, and problem-solving strategies, are hard for...

Most aspects of foreign culture, like language, religion, gender roles, and problem-solving strategies, are hard for the casual observer to understand. In what ways do Hollywood movies affect national culture outside the United States? What aspects of U.S. culture do Hollywood films promote around the world? Can you observe any positive effects of Hollywood movies on world cultures?

In: Economics

you are the manager of a firm that receives revenues of$20000 per year from product X...

you are the manager of a firm that receives revenues of$20000 per year from product X and $100,000 per year from product Y. The own price elasticity of demand for product X ia -2, and the cross -price elasticity of demand between product Y and X is -1.6.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 1 percent?

In: Economics

what macroeconmic concepts are able to be applied to the broken window fallacy?

what macroeconmic concepts are able to be applied to the broken window fallacy?

In: Economics

If a market is characterized by a positive externality that is not the result of a...

If a market is characterized by a positive externality that is not the result of a technology spillover,

a.

the socially optimal level of output is greater than the equilibrium level of output, and the socially optimal price is greater than the equilibrium price.

b.

the socially optimal level of output is greater than the equilibrium level of output, and the socially optimal price is less than the equilibrium price.

c.

the socially optimal level of output is less than the equilibrium level of output, and the socially optimal price is less than the equilibrium price.

d.

the socially optimal level of output is less than the equilibrium level of output, and the optimal price is greater than the equilibrium price.

In: Economics

If Google company is not active in China, summarize why the company would not be in...

  1. If Google company is not active in China, summarize why the company would not be in the Chinese market.

In: Economics

One of the specific problems socialist economies had was keeping up with capitalist countries technologically. a....

One of the specific problems socialist economies had was keeping up with capitalist countries technologically.

a. Can you think of any reason inherent in centrally planned economy that would make innovation difficult?

b. Can you think of any reason inherent in a capitalist economy that would foster innovation?

c. Joseph Schumprter, a famous Harvard economist of 1930s, predicted that as firms in capitalist societies grew in size, they would innovate less. Can you suggest what his argument might have been? d. Schumpeter’s prediction did not come true.

Modern capitalist economies have had enormous innovations, can you provide explanations as to why?

In: Economics

DIPLOMA Assignment January-June LR 112 - Labour Relations © BOU 2020 Page 2 of 3 SECTION...

DIPLOMA Assignment
January-June LR 112 - Labour Relations
© BOU 2020 Page 2 of 3
SECTION A [25 MARKS]
Answer ALL questions in this section
Read the following and answer the questions that follow
REDUNDANCY
Redundancy is when an employee is no longer required to work, through no fault of their own.
Redundancies occur when employees are dismissed because their job no longer exists. Usually
this happens when the employer no longer requires that job to be done by anyone and hence that
job becomes redundant. Redundancy is caused by a mix of factors such as decline in level of
economic activity in the organization, technological changes, cost reduction initiatives,
downsizing, merging with another company, economic recession, and business relocation among
other many factors. The right to be collectively consulted applies when an employer proposes to
make 20 or more employees redundant at one establishment over a period of 90 days or less.
Employers should also consult individual employees. Case law has shown that dismissals have
been found to be unfair where a union has been consulted but not the individual. In the UK,
employees who are selected for redundancy must be given a notice period before their
employment ends. The statutory notice periods are:
 At least one week's notice if the employee has been employed between one month and
two years
 One weeks notice for each year of employment between two years and 12 years
 12 weeks notice for someone who has been employed for 12 or more years.
Fortunately, employers have a free hand in setting the selection criteria they want to use. As long
as the criteria are measurable and applied fairly, then a tribunal is unlikely to interfere. TEBOGO
INTERNATIONAL Botswana, a mining giant, for some of these reasons, is deciding to lay
redundant some of its employees. The company however is not aware of important factors for its
redundancy selection process.
Required:
Advise, with practical justifications, the most important factors that Tebogo International Pty Ltd
has to consider to ensure its redundancy selection criteria are objective and fair.

In: Economics

If the demand curve is Q(p) = 15 -p and the marginal cost is constant at...

If the demand curve is Q(p) = 15 -p and the marginal cost is constant at 3, what is the profit maximizing monopoly price and output? What is the price elasticity at the monopoly price and output?

In: Economics

Compare the characteristics of personality theory below: a. Freudian theory b. Neo-Freudian Theory c. Theory Traits...

Compare the characteristics of personality theory below: a. Freudian theory b. Neo-Freudian Theory c. Theory Traits Illustrate how each theory is applied to understanding consumer behavior?

In: Economics