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Devote 500 words to each question for a total of 1,000 words.
1. How and why does Mill critique Bentham's version of Utilitarianism for its lack of protection against the "tyranny ofthe majority" and how does his principle of liberty remedy this oversight?
2. Singer claims in the "solution to world poverty" that one should donate most of one's disposable income to organizations like OXFAM or UNICEF, and that failing to do that is analogous to refraining from saving a drowning child to protect one's new shoes. How would Aristotle, Kant, and Mill respond to this claim? Be sure to give reasons compatible with each philosopher's ethicalsystem in your answer.
There are 300 purely competetive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested.
a) Calculate the equilibrium price and quantity, and show them on a diagram. b) Assuming a price higher than the equilibrium price, anddetermine the excess supply.
Scores of high school students on a national mathematics exam in Egypt were normally distributed with a mean of 86 and a standard deviation of 4.
If your bank held 1 % of the units issued by a unit trust and the mortgages in the trust repaid $10,500,000 in interest and $1,500,000 in principal in its first year, how much principal and interest would your bank receive that year
in a country output is produced with labor and physical capital. the production function in per-worker terms is yk12.
what is the expected revenue from auctioning
Why do newspapers often support subsidies for professional sport facilities?
Use the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium price level and the equilibrium level of real output in this hypothetical economy Is the equilibrium real output also necessarily the full-employ..
A firm with costs C(Q) = 1; 000 + 60Q + 0:1Q2 is able to price-discriminate between two groups of customers, with demands Q1 = 3; 000-2p, and Q2 = 350-0:5p respectively. How much does it sell to each group, and at what price
elizabeth m. suburbs makes 200 a week at her summer job and spends her entire weekly income on running shoes and
Thomas has found a savings fund that pays interest of 2.62 percent compounded semiannually. He will make monthly deposits of $395 and he can make a deposit only once a month on the agreed payment date. Find the number of deposits Thomas must make.
Hernandez Corp. uses two variable inputs, X and Y, to produce its final product, canoes. Its engineering department has estimated the marginal product functions for inputs X and Y as follows: MPx = Y/X MPy = 4 X/Y Where X and Y denote.
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