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Q. As per Milton Friedman, "Business has only 1social responsibility to create profits as long as it stays within the legal and moral rules of the game established by society. As few trends might so carefully undermine the very fundamentals of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagree with such a statement
Using the numbers that you calculated above, explain the relationship between the marginal cost and average variable cost.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
What would be the new equilibrium in this economy if Investment increased by $12.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visited Yellowstone Park, 40 percent visit the Tetons, and 35 percent visit both.
Suppose each of the five sellers can supply at most one unit of the good. Elucidate the price when market quantity supplied is exactly 3.
The production process requires labor and capital as inputs. Labor costs $6 per labor hour and capital costs $12 per machine hour.
The Solow Growth Model. In 2010, Japan was a large open economy with perfect capital mobility that was at its steady state.
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
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