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Problem: Comment on the Bangladesh fire case. Be sure to call upon ethical frameworks and/or reasoning advanced in the readings to make your arguments. Address the morally appropriate distribution of ethical burden for preventing future tragedies of this type; the most pragmatic distribution of burden for achieving desired ends in the global world we live in, today, and say why they may differ. Address, if you can, the extent to which employment in 'sweatshops' is truly voluntary in the sense meant by modern economists, who justify the risks by the freedoms they say are implied by unregulated solutions.
What total output must the cartel produce in order to maintain this price and to what output will an individual firm be restricted if this price is to be maintained?
Consider an individual with Cobb-Douglas preferences over some good and all other goods. Without doing any math, or drawing a graph, which is bigger.
Given the following Cobb-Douglas production function. Derive expressions for marginal product of labor (MPL) and marginal product of capital (MPK).
Given the following information: P = 660 - 4Q and there is a constant average and marginal cost = $100. If the annual number of admissions can be used as a measure of output for a group of hospitals operating in the sameRGM. Calculate the four-fir..
Develop a recommendation for how the firm can manage its future production by synthesizing the macroeconomic and microeconomic data presented.
ECON 500 Louisiana State University, Shreveport provides data from a trade association describing how its industry will save billions of Wafflish dollars
Why do you think governments frequently attempt to control apartment rents? What is the long-term result? Give a real life example of this same phenomenon
Is implicit cost inherently an estimate or can it be quantified? And who is the primary person responsible for these estimated quantifications?
How does the public budget-making process interact with the goal of accurate benefit and cost estimating for these large projects? Contributed by Morgan Henrie.
An increase in price reduces quantity demanded, while a fall in demand reduces price; A now economist might find this statement contradictory.
Explain the differences between Options and Futures Contracts? Using one example, how Options and Futures Contracts can be used to hedge against risk
Restate the objective function of this problem in such a way that it is technically a maximization problem, with a solution identical to a minimization problem given the constraints stated in part a.
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