Ingvar and Olaf are the only two fishermen in their area. Each has been assigned an ITQ that allows him to catch 20 tons of salmon. Ingvar’s MC of catching salmon is $6 per ton while Olaf’s MC of catching salmon is $7 per ton. If the price of salmon is $10 per ton, then to maximize efficiency, the two guys should trade ITQs until Ingvar is in charge of catching _________ tons while Olaf catches __________ tons.
a. 20; 20.
b. 30; 10.
c. 40; 0.
d. 0; 40.
All of the following are typical performance measures in gainsharing plans EXCEPTa.fixed costs.b.labor costs.c.overtime hours.d.quality levels.42.All of the following sit...Dec 13 2019
Suppose that 1% of all people have a particular disease. A test for the disease is 99% accurate. This means that a person who has the disease has a 99% chance of testing ...Apr 05 2020
One mole of the system of Problem 7.4-8 is expanded isothermally from an initial pressure P0 to a final pressure P1. Calculate the heat flux to the system in this process...Jun 09 2020
Pearson Brothers recently reported an EBITDA of $7.5 million and a net income of $1.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%...May 02 2021
On January 1, 2014, Walker, Inc., signs a 5-year lease for two floors of a 20-floor building. The building has an expected remaining life of 20 years. The space is availa...Apr 24 2020
Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 11.0 percent, and a current price of $1,326.50. The bonds make semiannual payments. W...Apr 15 2020
Leinart Company had taxable wages (SUTA and FUTA) totaling $175,000. During the year, the company was late in paying its state contributions of 3.6% and is therefore subj...Sep 07 2020
On November 1, 2016, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King...Mar 25 2020
Let P(1) and P(2) denote transition probability matrices for ergodic Markov chains having the same state space. Let π1 and π2 denote the stationary (limiting) probability...Aug 05 2020
Generally, do advertisements constitute offers? If not an offer, how is the advertisement to be classified? If an advertisement is set forth for an auction without reserv...Aug 03 2020