# Study Guides for MGEC58H3 at University of Toronto Scarborough (UTSC)

• 13 Results
UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 12: Utility, Income Splitting

OC3129228 Page
13 Dec 2018
0
Solutions to problem set 6 team production. 1(a) to show the difference between the utility maximizing choice of effort and the socially efficient choi
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 11: Production Function

OC3129222 Page
13 Dec 2018
0
Suppose that there are 10 workers are working together to produce output as a team. The standard team production rules apply: the firm can"t view effor
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture 7: New Problem Set 2 Solutions

OC31292213 Page
13 Dec 2018
0
Solutions to problem set 2 training and human capital. First consider the incentives for the worker for training or not training. The way to answer que
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 8: Deferred Compensation, Problem Set, Saber Of London

OC31292223 Page
13 Dec 2018
0
Solutions to problem set 3 deferred compensation. The total payment from wage profile ii is: Thus, both profiles pay ,000 over the five periods, so it
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 9: Profit Maximization, Becquerel, Algebraic Expression

OC31292215 Page
13 Dec 2018
0
Solutions to problem set 4 variable pay. 1(a) we begin by determining how the worker will react to any contract set out by the firm. To do so, we know
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 10: Problem Set, Random Variable, Production Function

OC31292214 Page
13 Dec 2018
0
Solutions to problem set 5 tournaments and promotion. In order to think about how to compute the probability that worker #1 wins the. 1(a) tournament,
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 6: Marginal Revenue Productivity Theory Of Wages, Horse Length, Profit Maximization

OC3129227 Page
13 Dec 2018
0
Solutions to problem set 1 labour supply and labour demand. We know that the equilibrium condition for the labour supply model is: Mut/muc = w. also, s
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 5: Probability Distribution

OC3129222 Page
13 Dec 2018
0
Problem set 5 tournaments and promotion: consider two workers who have the following production functions. In this case, q1 and q2 represent the output
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 4: Utility, Becquerel, Random Variable

OC3129223 Page
13 Dec 2018
0
Consider a worker who has the following utility function: U = y c(e) where y represents his income, and c(e) is a cost function with respect to the amo
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UTSCMGEC58H3Harry KrashinskyFall

OC3129224 Page
13 Dec 2018
0
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture Notes - Lecture 1: Demand Curve, Perfect Competition, W. M. Keck Observatory

OC3129222 Page
13 Dec 2018
0
Problem set 1 labour supply and labour demand. Suppose that there are three utility functions for consumption (c) and leisure (t): U(c,t) = 0. 2c0. 5 +
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UTSCMGEC58H3Harry KrashinskyFall

## MGEC58H3 Lecture 3: Problem Set 3

OC3129224 Page
13 Dec 2018
0
Problem set 3 deferred compensation: ben has just started a job at big boys management consulting, inc. He will stay there for exactly 5 years unless h
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