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Q ‘It is not from benevolence of butcher, brewer, or baker that we expect our dinner, but from their regard of their own interest. We address ourselves not to their humanity, but to their self-love and never talk to m of our necessities, but of their advantage.' Sometimes self-interested behaviour in markets do not contribute to broader social objectives Example: Should I burn my leaves or haul m into woods?
The Cognitive evaluation theory is contradictory to reinforcement also expectancy theories.
He decides to assign his grades for his current course such that top 15% of students receive an A. What is lowest average a student can receive to earn an A.
Explain why do cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets.
Elucidate would you suggest he buy more jeans and fewer t-shirts, or more t-shirts and fewer jeans.
Assuming no other changes, if balances in money market deposit accounts increase by $50 billion and small-denominated time deposits decrease by $50 billion.
why Marx calls it an ‘absurd tautology' that value of labour is determined by that labour. How can a tautology be absurd.
A fairer distribution of rewards may generate a higher average productive effort on the part of the population in that way enhancing efficiency.
Suppose Firm X is a monopolist and is receiving positive economic profits. Illustrate what prevents other firms from directly competing away the profits.
If you receive a request for proposal (RFP) on a project for four units, illustrate what is your break-even price.
Compute the resulting dead weight loss (DWL) inefficiency from the monopolistic optimal outcome.
Use a short-run Phillips curve to Explicate why the inflation rate may decrease over the course of 2009. Under Illustrate what circumstances might the inflation rate not decrease during 2009.
Elucidate what the Justice Department argued that the merger would lessen competition and raise prices of business software. Is there an economic argument that the merger might actually result in lower prices.
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