Microeconomics

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A job advertised in an industry publication rather than a local newspaper is an attempt to A) use ... Started by madam-professor	1 Replies 58 Views	Jul 1, 2018 by stano32
If one job applicant truthfully reveals that they subscribe to an industry publication, the job ... Started by Beheh	1 Replies 24 Views	Jul 1, 2018 by ebe
A necessary condition for a separating equilibrium when workers can use education as a signal of ... Started by Sufayan.ah	1 Replies 32 Views	Jul 1, 2018 by amandalm
In a labor-market pooling equilibrium with high-skill and low-skill workers and where a costly ... Started by asmith134	1 Replies 64 Views	Jul 1, 2018 by jjorrostieta
The wage of a known high-quality worker, wh, is 10,000. The wage for a known low-quality worker, wl, ... Started by james0929	1 Replies 83 Views	Jul 1, 2018 by chem1s3
Suppose 10 of all workers are of high ability. If a firm knows a worker's ability, workers of low ... Started by Tazate	3 Replies 98 Views	Jul 1, 2018 by shaquita
In which of the following contracts is the agent's payment unaffected by his performance? A) ... Started by darbym82	1 Replies 33 Views	Jul 1, 2018 by Juro
Moral hazard occurs when contracts are written in such a way that A) the interests of agent and ... Started by 09madisonrousseau09	1 Replies 41 Views	Jul 1, 2018 by kardosa007
Production efficiency implies that A) joint profits are maximized. B) joint profits are ... Started by anjilletteb	1 Replies 66 Views	Jul 1, 2018 by macmac
In professional golf, a tournament winner might win, say, 1 million, whereas second place wins only ... Started by karateprodigy	1 Replies 49 Views	Jul 1, 2018 by Eazy416
Season ticket holders often purchase their tickets before a season begins. There is often a discount ... Started by Shelles	1 Replies 61 Views	Jul 1, 2018 by flexer1n1
What is one potential problem with nationalized health care? A) It might not be efficient in risk ... Started by Evvie72	1 Replies 72 Views	Jul 1, 2018 by LVPMS
A key aspect of the principal-agent problem is that A) the principal cannot perfectly monitor the ... Started by SAVANNAHHOOPER23	1 Replies 60 Views	Jul 1, 2018 by aprice35067
Production inefficiency is most likely to occur when the principal has more information about work ... Started by Sufayan.ah	3 Replies 23 Views	Jul 1, 2018 by Bigfoot1984
Describe the characteristics of an efficient contract between a principal and an agent. What will ... Started by silviawilliams41	1 Replies 30 Views	Jul 1, 2018 by flexer1n1
Suppose the principal offers to share a percentage of the profit with the agent. Such a contract ... Started by waynest	1 Replies 145 Views	Jul 1, 2018 by joechoochoy
Suppose two owners of a store agree to split the profit equally regardless of the number of hours ... Started by evelyn o bentley	1 Replies 51 Views	Jul 1, 2018 by Jbrasil
In the presence of asymmetric information, the only contract that results in production efficiency ... Started by JMatthes	1 Replies 52 Views	Jul 1, 2018 by potomatos
In the presence of asymmetric information, a hire contract A) achieves production efficiency. B) ... Started by Wadzanai	1 Replies 86 Views	Jul 1, 2018 by Jordin Calloway
In a principal-agent problem, if the contract used leads to the maximum of the principal's and ... Started by bobypop	1 Replies 99 Views	Jul 1, 2018 by zenzy
In the presence of asymmetric information, A) all contracts are efficient. B) efficiency in risk ... Started by haleyc112	3 Replies 65 Views	Jul 1, 2018 by Anonymous
Under which one of the following contracts does an agent have the least incentive to behave ... Started by Wadzanai	1 Replies 37 Views	Jul 1, 2018 by todom5090
One reason that lawyers might prefer a contingent contract when representing a plaintiff in a tort ... Started by DyllonKazuo	1 Replies 65 Views	Jul 1, 2018 by sabina576
If an agent is risk neutral and a principal is risk averse, which of the following contracts would ... Started by bobypop	1 Replies 128 Views	Jul 1, 2018 by nekcihc358
Many art galleries keep 60 of the sale price of a painting. However, art galleries do not typically ... Started by Sportsfan2111	1 Replies 108 Views	Jul 1, 2018 by tashiedavis420