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Eggebeen et al. (2010) found that men who at some point in their lives as fathers are more likely to have altruistic social relationships and be involved in community service organizations. The result was reported in the popular press (Jacobs 2009) as "Fatherhood... alters a man's neurochemistry, increasing his ability to cope with stress and generally making him a better mate. Just-published research suggests the benefits of this transformation extend far beyond one's immediate family and remain robust as the years go by." Are the conclusions drawn by the popular press article defendable? Why or why not?
Two power plants are currently emitting 8,000 tons of pollution each (for a total of 1,600 tons). Pollution reduction costs for Plant 1 are given by MCR(1)=.02Q and for Plant 2 by MCR(2)=.03Q, where Q represents the number of tons of pollution reduct..
Nevertheless your total unit sales have increased over this period. Assuming rational buyers and no deceptive advertising, how can you account for this.
Consider an economy inhabited by n identical people. Each person's utility function is Ui =(z)(bi) where bi and z are his bread consumption and the quantity of some public good. Find the quantity of public goods provided under voluntary contributions..
What are the market equilibrium price and quantity? What is the effect of a price ceiling of 16? What is the effect of a price floor of 24? What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, an..
Suppose that a firm’s production function is Q = min{K, L}. Currently, the wage is w = 8 and the cost of capital is r = 8. What is the minimum cost method of producing Q = 40 units of output? Suppose that wages fall to w = 4. Keeping total cost the s..
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly.
Describe the extent of economic integration, specifically mentioning the country’s membership(s) within regional trade agreements and the benefits they bring to the country.
What is the linear relationship between Fahrenheit and Celsius? Since the relationship is linear, you only need the following two points to calculate the relationship.
What are the main causes of and contributing factors to international financial crises? How can they be resolved? How can they be prevented? Answer this question in the context of the Asian Crisis of 1997.
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. sells a product differentiated from that of its competitors. has marginal revenue less than price
Suppose Mary’s utility function for two goods X and Y is given by: U(X,Y) = 2X1/3 Y2/3. If Px = $4, Py = $5, and Income I = $200, compute Mary’s utility maximizing consumption bundle. Show the utility maximizing consumption bundle on a graph.
The Federal Reserve uses the federal funds rate as an operating target because
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