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ECON 649 Economics Analysis Worksheet 4 Owners, Managers & Employees

ECON 649 Economics Analysis Worksheet 4 Owners, Managers & Employees Case Study Answers. Get case study answers to questions in ECON 649 Economics from Online Assignment Experts for Economics research paper courses topics, Homework solution & Essays from PhD/MBA economics experts at cost-effective rates?


ECON 649 Economics Worksheet 4 The Firm

Firms and Markets


Name of the university (& country) where you did your undergraduate degree
Does your university employ people?
Does the university purchase inputs to produce output?  What are some of the inputs? What are the major outputs?
Does it set prices greater than costs?
Does it typically make a profit?
Does it have owners who receive any profits?
Is it a Firm?

Firms and Markets

Separation of Ownership and control

Separation of Ownership and control

Employees & Employment Contracts

Employement Rents

Variable Estimate 
Hourly wage
Weekly hours of work
Hourly disutility (or utility) of effort
Hourly reservation wage
Length of unemployment (in weeks), if you lose your job

Employement Rents

Hourly Employment Rent
Total Employment Rent

Employement Rents

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