Kenton and Denton Universities offer executive training courses to corporate clients. Kenton pays its instructors $5,364 per course taught. Denton pays its instructors $298 per student enrolled in the class. Both universities charge executives a $340 tuition fee per course attended. Required
a. Prepare income statements for Kenton and Denton, assuming that 18 students attend a course.
b. Kenton University embarks on a strategy to entice students from Denton University by lowering its tuition to $225 per course. Prepare an income statement for Kenton assuming that the university is successful and enrolls 36 students in its course.
c. Denton University embarks on a strategy to entice students from Kenton University by lowering its tuition to $225 per course. Prepare an income statement for Denton, assuming that the university is successful and enrolls 36 students in its course.
d. Prepare income statements for Kenton and Denton Universities, assuming that 15 students attend a course, and assuming that both universities charge executives a $345 tuition fee per course attended.

Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?