ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
Premium Risk aversion Supply and demand Economics
In the article‚ “UC Cooperative Extension helps Californians use water wisely‚” written by Robin Meadows‚ the author writes about the drought in California and the ways farmers are conserving water. The author explains that farmers were trained to water their crops in a smart way. Furthermore‚ he identifies that the problem in garden watering deals with outmoded systems that do not turn off in the rain. In continuance‚ the author describes the way few farmers are implementing new techniques on their
Premium Hydrology Water Precipitation
TABLE OF CONTENT 1 | Introduction | 2 | 2 | Question 1 | 3 | 3 | Question 2 | 4 | 4 | Question 3 | 6 | 5 | Question 4 | 9 | 6 | Question 5 | 11 | 7 | Conclusion | 12 | INTRODUCTION Century National Bank has offices in several cities in the Midwest and the southeastern part of the United States. Mr. Dan Selig‚ president and CEO‚ would like to know the characteristics of his checking account customer. To better understand the customers‚ Mr. Selig asked Ms. Wendy Lamberg‚ director
Premium Normal distribution Confidence interval Sample size
CHAPTER 10 CRITICISMS OF ABSORPTION COST SYSTEMS: INCENTIVE TO OVER-PRODUCE P 10-1: Solution to Federal Mixing (10 minutes) [Explaining absorption versus variable costing] Variable costing writes off to income all fixed manufacturing costs incurred during the year. Absorption costing prorates the fixed overheads between units in inventory and units sold based on machine hours. Absorption costing net income is higher than under variable costing by $1.2 million. This means that inventories
Premium Variable cost Revenue Costs
into the American federal government overcomplicates the true definition of federalism‚ generating about five hundred theories. For example‚ dual federalism declares that the power of the national government and states are different and separate like a layered cake‚ while cooperative federalism states that the national government and state governments undertake government functions together by sharing power with no overruled power over the other. Federalism has been renovated to meet modern stability
Premium
Butler Lumber Case Study Solution Options: The Butler Lumber Company (BLC) could obtain from Suburban National Bank maximum loan of $250‚000 in which his property would be used to secure the loan. Northrop National Bank is considering BLC a line of credit (LOC) of up to $465‚000. BLC would have to sever ties with Suburban National if they were to have this LOC extended to them. | 1988 | 1989 | 1990 | 1991Q1 | EBITDA coverage (times) | 2.5 | 2.26 | 2.15 | 2.1 | Debt Equity Ratio
Premium Revenue Net income Financial ratios
Abstract The Iraqi National Museum was established by the British traveler and author Gertrude Bell and opened shortly before her death in 1926. The Iraqi National Museum contained priceless relics from Mesopotamian civilization; it contains important artifacts from over 5‚000 year long history of Mesopotamia. The National Museum of Iraq was looted in April‚ 2003. Its contents has been illegally scattered around the world through sales to private collectors and museums. Iraq‚ as of yet‚ is still
Premium British Museum United States Museum
will not only make you independent in power generation‚ and to power your own domestic loads but also let you sell the Electric power when you have it in excess. Such system would not only make our grids smarter‚ efficient and secure but will offer solutions to many problems. 1.1.1: Renewable energy: Renewable energy is any natural source which can replenish itself naturally over a short amount of duration. Renewable energy comes from many commonly known sources such as solar power‚ wind‚ hydro power
Premium Wind power Renewable energy Fossil fuel
Abstract Bridgeit Corporate Solutions acts as an interface between student and the corporate industry‚ rather a employer and a potential employee. It conducts assessment for students online/offline and provides a platform for the students to compete with peers at the national and international level‚ employers benefit by increasing their footprints to remote education institutions with a click of mouse and also it provides a safe and secure method of assessment. It is developed by CyberCure Technologies
Premium Security Computer security Information security
With a case study of this magnitude‚ the role of the counselor is to simply provide Ana with a psychoanalytic theory approach; that will allow her to express her thoughts and goals for her future. The theory that would be most suitable for this analysis is the Solution-Focused Theory. Solution- Focused Theory is a combination of several approaches‚ that focuses heavily on the present and future. When using this therapy is it not ideal to focus on past problems because it redirects the client thoughts
Premium Psychology Therapy Problem solving