3. You have a chance to invest in three mutual funds: Utility, Growth and Global. The value of investment changes according to market conditions. The chances of a down market, stable market and up market are 10%, 50% and 40% respectively. The returns (in percentages) for three market conditions are given in the following table. Which fund will you select? Fund Down (%) Moderate (%) Up (%)
Utility +5 +7 +8
Growth -10 +5 +30
Global +2 +7 +20

Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a. in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b. if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Which feature is a characteristic of a corporation?