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As jobs dry up because of the spread of artificial intelligence, some have suggested giving everyone a paycheck which is enough to cover housing, food, health care and other basic needs. This is known as "universal basic income" or U.B.I. The notion is that machine intelligence will produce so much economic surplus that the economy could afford to liberate much of humanity from both labor and suffering. Discuss the issues arising from the disruption of technological change on the perceptions of those in the work force.
Discuss the fiscal viability of divorcing basic needs from the need to work.
It is estimated that a mineral deposit will produce 27,000ton in the coming year and 34,300ton in the subsequent year. It is expected that for the first 12 years the production patter will be of the type V.e^α.k
Derive an expression for the firm's marginal revenue curve. b. To maximize profit, how many lasers should the firm produce and sell per month c. If this number were produced and sold, what would be the firm's monthly profit
Currently, at a price of $1 each, 100 popcycles are sold per day in the perpetually hot town of Rostin. Consider the elastictiy of supply. In the long run a price increase from $1-$2 has an elastic supply of 1.5
Suppose that they have decided to accept a custom-style order that has sufficient volume to exceed break-even and have already set up for production. The customer now indicates that they are only willing to pay $31.99 per pair of shoes.
if the price of blue toy cars is 5 and the price of pink toy cars is 2 then which of the following consumers will make
industry demand curve equals Q=900-100P and the long run average cost is a constant $1.50 per unit of output. Calculate market output, price, consumer surplus, and producer surplus in a competitive market.
Calculate the yearly nominal IRR received by the company and accepts the credit insurance (life and disability). Loan amount: $2000 APR 19.95% Finance charge: $594.25 Total of payments: $2730.50
Unit Sales Price Personal Advertising Selling Expenses 132 $74 $1,140 203 74 1,400 217 55 1,160 255 53 1,210 252 64 1,490 239 70 1,460 152 75 1,200 197 58 1,020 230 65 1,390 154 61 1,040 As a first step in the analysis, the company ran simple regr..
What incentive conflict was being controlled by these loyalty payments? What advice did Intel ignore when they adopted this practice?
a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no
Construct and show a gross margin budget for the activity. Construct and show a whole farm budget. Advise the farmer on the current and future profitability of the farm and possible options to improve performance.
The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. The total cost function (including opportunity or impl..
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