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Do you think the 25-year sentence against Bernie Ebbers from WorldCom and the 24-year sentence for Jeff Skilling from Eron will be sufficiently harsh to impact ethical business behavior? Why or why not?
A competitive industry produces a unit of sulphur dioxide with every unit of its output. The private marginal cost (PMC) in the industry is 2+(Q/2) when Q is the number of units of output. The social marginal benefit (SMB) of the industry's output is..
Then, in the year after the 10 payments are made, you will receive 10 annual payments of $500 each. Your personal discount rate is 7.5%. Should you purchase the insurance product?
write a short essay briefly describing an inefficient work situation you have encountered or observed
Consider again the 2 countries in the previous question. Suppose the U.S. and Mexico do not trade goods at all, but workers can move freely between them. Will free movement of labor have a similar effect on real wages as free trade of goods? Explain.
Discuss the Institutionalise s theory of production and distribution. Note: a discussion of the Veblen an dichotomy, and how it fits into the theory of production and distribution should be included in your answer.
Demand for some goods are more price elastic than others: Discuss the price elasticity of demand of the following products: drugs to a drug addict, gasoline to a cabdriver, postage stamps, Chicken McNuggets, Coca-Cola, parking at the airport, and ele..
Show the profit-maximizing price and quantity. Show the producer and consumer surplus. Show the deadweight loss from monopoly. What is the implied competitive equilibrium? Is the firm operating at a profit or a loss (how do we know)? If it’s operatin..
The following shows the demands and marginal revenue in two markets, 1 and 2, for a price discriminating firm along with total marginal revenue, MRT, and marginal cost MC. Compare the demand conditions in each market; i.e. how do the two markets diff..
A competitive firm’s cost of production is C(Q) = 16Q - Q2 + 4Q3 . Assume that the market price is P=26. Draw the firm’s supply curve. What is the lowest price at which the firm is willing to produce? You should show the exact coordinates of the supp..
Examples of the four types of percentages, and the four types of trends used in the financial operations of a business?
What have been the consequences of government interventions in managing the State of Florida's catastrophe risk
The City Council in Bigtown is considering removing the monopoly rights of Bigtown Cable TV, Inc. Bigtown Cable is arguing that the competition in the cable TV market will be chaotic and result in a loss of jobs. As the staff economist for the City C..
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