A piece-rate compensation scheme can help address the principal-agent problem. In which circumstance is a piece-rate likely to be effective?

Carnegie Steel used to be one of the most powerful companies in the nation. Carnegie Steel controlled their own steel mills, mines where iron ore was extracted, and even the ships that transported the iron back to the railroads to be shipped.  The company controlled almost every aspect of producing steel. Based off this description and in the context of steel production, Carnegie Steel most likely obtains inputs using which strategy? 

At the end of the story, the man asks the girl if she feels better. How does she answer him?

You train an employee to use software necessary to work with one particular supplier; no other supplier uses this particular software. What type of specialized investment is this?

Which of the following is not an implication of specialized investments?

The consumer is currently maximizing utility at bundle: (X,Y) = (10,6) . The price of good Y falls. If X and Y are substitutes, which of the following is their new optimal bundle?

Let bundle A = (1,9) and bundle B = (2,5). Given these two bundles, what is the market rate of substitution? 

Patrol officers noticing repeated burglary reports and documenting patterns that detectives later investigate are contributing to

In the United States, most policing authority is organized primarily at the

Consider a 2‑DOF planar robot with two revolute joints. Fill the DH table for links 1 and 2.   i