Eco 550 week 6 chapter questions
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Eco 550 week 6 chapter questions Document Transcript

  • 1. ECO 550 Week 6 Chapter QuestionsClick this link to get the tutorial:http://homeworkfox.com/tutorials/economics/4278/eco-550-week-6-chapter-questions/Week 6 chapter 9 question 6What are the highest and lowest payments from the writer that the beekeeper–farmer team will accept for the sixth day? Assuming that the farmer can dispose of$7 from the writer as she wishes, what range of payments will the beekeeperaccept? Assuming that the beekeeper gets that amount, what range of paymentswill the farmer accept? (Remember that negative payments are also possible.)Week 6 Chapter 9 Question 1313. Some fields have large enough quantities of both oil and natural gas thatcoordination must be achieved for the production of both, rather than oil alone as inour examples. Will fields with both oil and gas have greater difficulties in unitizationthan fields with oil or gas alone? Explain. (Hint: Look closely at Figure 9-2.)Week 6 Chapter 10 Question 22. Why might a parent company like McDonalds or Hilton choose to franchise its localoutlets rather than own them and staff them with employees? In many smaller cities allMcDonald’s outlets are owned by the same franchisee. Why is (or isn’t) this fact consistentwith our discussion of specific investments?Week 6 Chapter 10 Question 1111. Every so often, a disgruntled college graduate sues her school on grounds that hertuition payments did not land her the good job she was expecting when she started there.Courts invariably throw out cases like hers. They are, however, willing to entertain suitsagainst trade schools (those that teach skills such as welding and computer repair) by
  • 2. graduates who make the same claims about inability to qualify for jobs that use the skillsthey learned in them. Why the difference?