There are two types of mba students, movers and shakers. both types of students are valuable to potential employers but movers are more valuable. employers would be willing to pay a mover a $150,000 salary, but only $100,000 for a shaker. unfortunately, it is difficult to tell the difference between the two. one key difference between the two types of students is in the pain that economics courses cause them. for movers, an economics course causes about $6,000 in pain, at least that is how much salary they would be willing to give up to avoid an economics course. the shakers value the pain at $9,000 per course. a recruiting firm wants to devise a self-selection mechanism to separate the movers and the shakers. once the two types are identified, they will be paid $150,000 and $100,000 respectively. what is the minimum number of economics courses that a firm can require a student to take in order to receive the mover salary? what is the maximum number of courses? b. who bears the cost of signaling their quality?

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.