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- What problems does Coase associate with Klein’s interpretation of the acquisition of Fisher Body by General Motors?Give typing answer with explanation and conclusion What is the general difference between revealed and stated preference non-market valuation studies? In a nutshell, what are the advantages of the different approaches?The governments role in terrorism insurance is that of - disinterested observer - innocent bystander - a reinsurance provider of last resort/ re-insurer
- The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning?From the late 1990s through the early 2000s, more than 25 domestic steel companies filed for bankruptcy. A combination of low prices with strong competition by foreign competitors and so-called legacy costs of unions are cited as the primary reasons why so many steel companies filed for bankruptcy. In 2002, as Brownstown Steel Corp. was in the process of restructuring its loans to avoid bankruptcy, its lenders requested that the firm disclose full information about its revenues and costs. Explain why Brownstown’s management was reluctant to release this information to its lendersWhy or how can you explain Card and Krueger's findings?
- If a risk‐neutral individual owns a home worth $200,000 and there is a three percent chance the home will be destroyed by fire in the next year, then we know that:a) He is willing to pay much more than $6,000 for full cover.b) He is willing to pay much less than $6,000 for full cover.c) He is willing to pay at most $6,000 for full cover.d) None of the above are correct.e) All of the above are correct.Williamson defines the net governance costs of a transaction as: NGC = A(k,¯Q) − T (k, ¯Q) where A(k, ¯Q) is the agency cost of "making", and T (k,¯Q) is the transaction cost, of "buying" ¯Q units of an input, given the degree of asset specificity k. Both these functions are increasing in k, but T (k,¯Q) increases faster therefore NGC is decreasing in k. Let's assume that; NGC(k,¯Q) = 0.1• ¯Q - (¯Q /10) • k (a) At what value of k is NGC = 0 (given that ¯Q> 0). What does this mean? (b) The net production costs is: NPC = I (k, ¯Q) − P(k, ¯Q), where I (k, ¯Q) is the production cost of making, and P (k, ¯Q) is the market price, i.e., the cost of buying. Let's assume that NPC is given by the following expression; NPC = (1000/¯Q ) • (1/k) Assume that ¯Q= 100, plot this function in a diagram,…Critically analyse the impact of the Covid-19 pandemic and the subsequent high global inflationrates on corporate dividend payouts
- Within its first three years, the 2012 Chevy Volt fell in value 62 percent to $12,997 in 2015. And a 2012 Nissan Leaf fell in value 66 percent to $10,220. That’s −22 percent a year, whereas the typical gasoline car depreciates −24, −15, and −12 percent its first three years (51 percent) for a −17 percent average per year. Indeed, at the extreme, a Honda Accord is worth fully 64 percent after three years (−12 percent average per year). Clearly, the steep decline in gasoline prices in 2014 contributed to electric-powered vehicles depreciating recently much faster than gasoline powered vehicles. But hybrid-electric vehicles such as the Nissan Leaf and Chevy Volt and all-electric vehicles such as the Chevy Bolt face another problem as well? 1.) What life cycle cost concept begins raising concerns by year 5 with any electric vehicle (EV)? If that issue affected resale value at year 5, would that affect perceived value-in-use? How exactly?For each of the following scenarios, determine whether the decision maker is risk neutral, risk averse, or risk loving.a) A manager prefers a 10 percent chance of receiving $1,000 and a 90 percent chance of receiving $100 to receiving $190 for sure.b) A shareholder prefers receiving $775 with certainty to a 75 percent chance of receiving $1,000 and a 25 percent chance of receiving $100.c) A consumer is indifferent between receiving $550 for sure and a lottery that pays $1,000 half of the time and $100 half of the time.Label the following statements as true, false or uncertain, and provide explanation.