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Write a 750-word paper on the biblical view of science, technology, and the business world. How do you think the eighteenth-century world that gave rise to the Utilitarians reacted to the biblical view?
What is the equilibrium price in the market? What is the amount sold and bought?
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
The bank you are going to get the mortgage from uses a 28% qualifying rate. How much will you need to put down in order to buy this house?
The Asian Disease Problem: Imagine that the United States is preparing for an outbreak of an unusual Asian disease that is expected to kill 600 people. Two alternative programs to combat the disease have been proposed. Demonstrate mathematically the ..
On Tuesday, price and quantity demanded are $7 and 120 units respectively. Ten days later, price and quantity demanded are $6 and 150 units, respectively. What is the price elasticity of demand between the price of $7 and the price of $6?
Carbon Tax/Emission Trading scheme – Compare Australia with one of these countries or group of countries like Europe,USA and China/India and discuss the similarities or differences in ETS and its affect on the economy
directly to patients, who then would be free to choose their health care providers. Whether or not you agree, can you give an economic rationale for this approach to governmental health care funding?
Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the..
Leopold Bus Company runs daily service between Bigcity and Tinytown. It calculates that the average cost per trip (wages, gas, insurance, payments on loans, etc.) is $140. Will the sales of the standby tickets cover the average costs of the extra pas..
If both persons carry an average balance of $3000 on their credit cards for 3 years, how much more money will Edward repay compared with what Jorge owes
Consider a simultaneous move game between a union and a company. If both the parties bargain hard, each would gain nothing. If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 milli..
Illustrate what is the firm's current profit. Illustrate what is likely to occur in this market.
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