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Describe racial profiling and racially biased policing. Explain why these phenomena have become significant issues in policing. What steps have been taken to eliminate racial bias among police?
Suppose there are 10 individuals who value a good at {$10, $9, $8, $7, $6, $5, $4, $3, $2, $1}. If the MC is $1.50, what is the optimal price? Calculate the number of units that are sold, total revenue and total profits. Calculate the optimal prices ..
What aspects of the Glass-Steagall Act do you think Congress or the Executive Branch of government should consider reinstituting to prevent re-occurrence of the 2008 financial crisis (TARP -Troubled Assets Relief Program and the Stimulus); or, do you..
q. 1. what is a business organization?2. what is the most common form of business organization?3. define sole
When you describe the optimal conditions explain whether they apply across all industries or are peculiar to a particular industry. Are these times tested? That is, have these conditions occurred over the past 100 or more years and continue today pos..
Sheryl spends all her leisure time and all her money on sailing. She doesn’t value leisure time if she can’t sail, and she can only sail if she has leisure time. How many hours will she work if she earns $20 per hour? Find a formula for her labor sup..
Illustrate what is the maximum profit. Suppose that the fixed cost rises to $200,000. How would this affect the profit-maximizing price.
Review the following graph. If Mexico produces 300 million tons of food, it can produce _________ million units of clothing without specialization or trade. Each ton of food in Mexico has an opportunity cost of __________ units of clothing. image Cli..
The Good’n’Fresh Grocery Store has 2 checkout lanes and 4 employees. Employees are equally skilled, and all are able to either operate a register (checkers) or bag groceries (baggers). The store owner assigns one checker and one bagger to each lane. ..
Two clinics want to merge. The price elasticity of demand is -0.20, and each clinic has fixed costs of $60,000. One clinic has a volume of 7,200, marginal costs of $60, and a market share of 2 percent. The other clinic has a volume of 10,800, margina..
Temple Corp. is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, would be depreciated by the straight-line method over its 3-year life, and would have a zero salvage value. No new working c..
Compensating wage differentials reflect different skills of workers? Efficiency wages are equal to the marginal productivity of workers? The signaling theory of education suggests that schooling does not affect worker productivity.
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
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