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Obedience to authority can be a powerful social pressure to conform and comply with a request that might be against our intuitive sense of right and wrong. Milgram's study of obedience has contributed to understanding how people can commit in human acts under situational constraints. Read about the experiment and put yourself in the participant's situation and explain how you honestly think you would have responded if you were in that experiment. Would you have administered the shocks? Please remember that I need to know that you have read and understood the materials.
An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is $40,000, and the implicit cost is $55,000. All revenues are received, and costs borne, at the end of each year. If the interest ra..
q.the warren amp smith company manufacturers commercial zippers of two kinds kind x and kind y. its production
If a company wants a 20% profit, what is the minimum they will bid on the project? Given: Each modular home to be installed is $100,000. The installation is to be done by one crew over 4 years (paid $10/hour with 5% increase/year) with a learning cur..
A firm charges $800 per unit for its unique solar panel. If total revenue is $56,000 in July, how many solar panels were sold in July? (Hint: How do you calculate total revenue?)
The consultants of Allcare Family Clinic (AFC) have determined that if the clinic hires two more practical nurses, without any other changes in its operation, it can increase the number of patients it treats during a week from 200 to 230. The weekly ..
Suppose that you leave a job that pays $40,000/year and use $10,000 of your savings that had been earning $500/year in interest in order to start your own business. In your business, you sell 450 units at $60/unit while paying $12,000 for capital cos..
The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result, the transit authority notes a decline in ridership of 30 percent. Compute the price elasticity of demand for subway rides.
Find the equilibrium interest rate. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
According to this Application, after the government deceased cigarette taxes in several Canadian provinces, demand for cigarettes ________ in these provinces, shifting the demand curve to the ________.
The 2008 Congressional farm bill contains subsidies for corn-based ethanol production. Currently, corn grown for ethanol production accounts for 24% of the total corn crop grown in the U.S. How does this subsidy impact the market for corn grown for e..
The prices that people are willing to pay for goods and services mostly depend on:
In "In Praise of Big Brother" (pp. 203-215), James Stacey Taylor argues for the optimistic conclusion that, with the right legal and procedural safeguards, large-scale governance surveillance would have many positive consequences.
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