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What was Mill talking about when he wrote about the quality of pleasures?
Mill never discussed the quality of pleasures, he though that only the quantity mattered.
He was talking about how much you enjoy a particular pleasure---Mill said that the more pleasure that results from an action, the better.
He was referring to types of pleasure: specifically intellectual versus physical pleasure.
Talking about the quality of pleasure wasn't part of mills theory, it was part of Aristotle's.
During recession years,
Consider now an economy where you need to search for a job. Let b be the function of people that do not have a job and are searching for one. Here active population and working age population do not coincide. Write the equation describe the dynamics ..
What is the implication of the efficiency wage theory for unemployment? In what way are piece rates, commissions, and royalties, profit sharing, and stock options substitutes for efficiency wages?
The application of current US antitrust law
The U.S. economy fell into a recession in 2001 and then proceeded into a slow-growth recovery due to a decline in investment. Show how a change in investment can have a big impact on GDP causing a national recession. Illustrate by showing what it loo..
“The money supply of an economy increases when the central bank simultaneously decreases the reserve requirement and sells government bonds in open market.” Explain whether this statement is true, false or uncertain. Explain what is the inflation tax..
The assumption of the perfectly competitive model is that products sold by all retailers are completely identical. Under this assumption, as we've seen in this analysis, competition between retailers is extremely fierce.
1. The decline in marginal productivity experienced when input usage increases, holding all other inputs constant, is known as:
Companies HD and LD have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on their debt. However, company HD has a higher debt ratio. Which of the following statements is CORRECT?
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
Calculate the marginal product of inputs x1, and x2. What is the ratio fo x1 to x2 required to produce the output in the cheapest way possible?
q1. sam purchased a 5 year treasury note with a 1000 face value and a 7.5 coupon rate. with the help of excel
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