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If you were asked to do a professional code of ethics for your own life, discuss what would be the first principle that would guide it, and why? What are other principles you would apply to the code of ethics?
As the number of workers at each factory increases, which factory will experience diminishing returns first.
For years, fast, friendly, personal service has been the hallmark of successful businesses. But as an increasing number of businesses (and even entire industries) have invested in self-service technology, Understanding that the specifics of every bus..
Beetle infestation decimates tobacco crop. Market: cigars. which curve (s) shifted, explain why it shifted (factor), in which direction (right or left), and what is the resulting equilibrium price and quantity in comparison to the beginning price and..
Suppose that the cost of capturing a cockatoo and transporting him to the USA is $40 per bird. Cockatoo are drugged and smuggled in suitcases to the USA. Half of the smuggled birds die in transit. Each smuggled bird has a 10% probability of being dis..
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
Which of the following is one of the most important causes for the recent increase in income inequality in China? Which of the following would be part of the Thai demand for U.S. dollars? The World Bank tracked the performance of countries that had u..
Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
What is the value of consumer surplus? What is the value of the deadweight loss created by this monopoly?
Risk and Return, Coefficient of Variation Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.
A firm's production function is qi = 0.2*Ki^(0.6)Li^(0.4). The wage rate in this area is w = $15, and the cost of capital is r = .05. Find the firm's short run cost function, if Ki is fixed at $100,000. If the good is exported around the world at a p..
A gardener can use one of the three brands of fertilizers during the next growing season. The following decision table shows the expected gross income per acre for each fertilizer brand and weather condition for the growing season. The chance of a dr..
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