Assignment1 - September 5 2011 ECON 6000 ASSIGNMENT#1...

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September 5, 2011 ECON 6000 ASSIGNMENT #1 Instructor: Bram Gallagher DUE: September 30, 2001 by 11:59 PM by the D2L dropbox (preferable) or E-mail ( [email protected] ). Please use .doc, .pdf, or .rtf formats only. This assignment is open- book, so your score will be based on how clearly your answers are explained. This assignment refers to the reading guides and additional materials. All questions are weighted equally. 1) Examine the Blum and Sathaye paper introduced in the additional study materials #1 (August 31). Identify the principal and the agent. Explain how the incentives for the two could misaligned and what the research indicated was the outcome. 2) Examine the two annual reports introduced in the additional study materials #1 (August 31). Describe how the profit objective was presented in the for-profit company and the efficiency objective in the not-for-profit company. 3) Of the five theories of profit presented, explain two theories that might apply to Intel.
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