ignoring hedonic pricing considerations in input(s)
and output(s) and also ignoring dynamics, explain WHY in the
presence of
NON-PERFECTLY COMPETITIVE market structure(s) in the input,
output or both markets, the optimal level of input use AND
consequently the
associated level of optimal level of production WILL BE LOWER
than if a
perfectly competitive market structure was (were) present in
that (or those)
markets.
Describe an Arbitrage Pricing Theory
(APT) model of your choice. How this model compares to the Capital
Asset Pricing Model (CAPM)?
ii)
Support your answers with empirical evidence on how well models you
discussed in part (i) can explain variability of returns
Use the hedonic wage model to show graphically why a male-female
wage differential might emerge, independent of skill differences or
gender discrimination.
What is the hedonic theory of wage differentials? Combine
isoprofit curves with worker indifference curves to explain how two
workers with identical stocks of human capital might be different
wage rates.
What is the hedonic theory of wage differentials? Combine
isoprofit curves with worker indifference curves to explain how two
workers with identical stocks of human capital might be different
wage rates.
Explain how the Transtheoretical Model of Change, also known as
Stages of Change Theory can be used to help an obese client who
desires weight loss. Explain the different stages of change, and
where in these stages you might used the Health Belief Model to
help move a person from resistance, to contemplation, to
action.
Graphically derive the hedonic model. Using this derivation,
show the case of a worker who chooses a high wage and high risk and
one that chooses a low wage-risk combination. Why would this be so?
Can OSHA help the first worker? Discuss cases where it can, and
those where it cannot.