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Construct an argument designed to justify the law using one of the four grounds for justification (legal moralism, the harm principle, legal paternalism, and the offense principle) for a Law against shoplifting.
Explain the entities affected by industrial regulation in terms of marketplace structure.
To introduce GNP and GDP, and other concepts of the National Income accounts, and to show how they help us understand the growth of the U.S. economy over the past century.
Define "price fixing". Give an example of an antitrust case involving price fixing. When is price fixing not a violation of antitrust law?
In the mid 2000s, as house prices began to climb, some were concerned that an overheated housing market was leading to an unstable inflationary gap. As a result, beginning in the second half of 2004, the Federal Reserve (headed by Alan Greenspan at t..
What are the marginal propensity to consume (MPC) and marginal propensity to save (MPS)? How are the two concepts related? How are the two concepts related to the consumption and saving functions?
What is the marginal rate of substitution for consumer A at the competitive equilibrium?
ohn also Jeremy are utilitarian's. John believes to labor supply is highly elastic while Jeremy believes to labor supply is quite inelastic.
We have focused on how banks create money. I spoke to a banker the other day; he assured me that he did not create money. In fact, he stated that all he did was provide service to the community by lending whatever funds were available to the local me..
A single monopoly firm faces the market demand of P = 90 − 2Q. Its cost function is characterized as C = Q2 + 100. Characterize the marginal revenue function. Plot the demand, marginal revenue and marginal cost curve. Characterize the equilibrium pri..
Explain how many hamburgers does Ron produce. Illustrate what price does Ron charge for a hamburger.
Debate this statement: “The UCC should require the same degree of definiteness of terms, especially with respect to price and quantity, as contract law does.” Remember to support your opinions with the law.
Assume that for the last worker hired MPL=4, MR=2, and W=4, and if one more worker is hired MPL=3, MR=2, and W=4. Given this information, the firm- should leave employment unchanged, should increase employment.
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