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There is a prominent scholar who claims that the contributions of Marshall are overstated and that in fact Cournot and Edgeworth deserve most of the credit for founding modern economic science. Make a good case for this claim. At the end of your essay, you may comment briefly on whether you agree ?
If there is a sliding scale of right and wrong, how do we keep people from being victimized by the dishonesty Williams talks about?
Explain which of the following is a positive or a normative statement.
Which of the following are not assumed by economists to control for various factors that are not relevant or important to understand and analyze using a model a specific real life situation that economists are concerned with in a given situation?
Firms apply marginal analysis to maximize the following production goal. The market economy would produce too? _______ healthcare because the marginal social benefit from healthcare? _______ the marginal benefit perceived by its consumers.
Gasoline prices in the United States decreased significantly between 2008 and 2009. A decrease in the price of? gasoline, holding other things? constant, will cause which of the following to? occur?
If a department rate were used, what amount of overhead would be allocated to the proposed contract ________________? Plant-wide rate____________?
What is the relationship between unit labor costs and firms' profits? Explain the role of worker effort and efficiency of labor in this context.
Summarize the article "Towards an Aesthetic of popular music" by Simon Frith in 500 words by following these steps:
In standard macro model, it is usually time preference that causes positive interest rate. But is there anything to do with risk aversion of utility function that causes existence of positive interest rate?
In a two-factor, two-good heckscher-ohlin context, illustrate and explain the "production effect" of growth in the labor force in a relatively capital-abundant country, other things equal.
Think about an item that you are interested in purchasing. Perhaps it is a new computer, an MP3 player, a new book, or a new bike.
Depict two separate production possibilities curves and clearly label which one represents the quadrant 2 scenario and which one represents the quadrant 3 scenario. Explain how risk sharing impacts the production possibilities curve you drew and ulti..
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