Q1. Corporate profitability declined by 20% from 2008 to 2009. What performance % would you use to trigger executive bonuses for that year? Why? What issues would arise with hiring as well as retaining the best managers?
Q2. Amsterdam as well as New York In Amsterdam, one can buy a U.S. dollar for 0.8200. In New York, one can buy a euro for $1.22. What is the foreign exchange rate between the dollar as well as the euro?
Q3. Assume Joe's utility for lobster (L) as well as soda (S) can be represented as U= L 0.5 S0.5. Draw the indifference curve that yields a utility level of 9. Calculate the MUL, MUS, as well as MRS of L for S on that indifference curve when S=3?