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What do you make of Rawl's assertion that "... social and economic inequalities, for example inequalities of wealth and authority, are just only if they result in compensating benefits for everyone, and in particular for the least advantaged members of society."?
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Historical data suggests that in the athletic shoe industry, the price elasticity for shoes is approximately -0.67. Explain what price elasticity is, and how to interpret the stated elasticity for athletic shoes of -0.67. Using the price of $100 and ..
A particular workstation has a capacity of 1000 units per day and variability is moderate such that c2a +c2e/2= 1. Demand is currently 900 units per day. Suppose the management has decided that the cycle time should be no more than 1.5 times the raw ..
Question 4 Which of the following characteristics best defines a public good? Question 5 The market works efficiently in the absence of externalities if the good is: Question 6 Visiting the public beach during summer is an example of an activity that..
Suppose a competitive rm produces spaghetti dinners. The market price of a spaghetti dinner is $20. The cost of making the dinners is given by C (Q ) = 10Q + (Q 2/160). The marginal cost is given by MC = 10 + (Q/80).
Begin thinking of a business problem that could be solved with a technology solution for a company or organization you are familiar with
According to microeconomics, individuals tend to act in their own self interest. However, Mankiw offers no recommendations in the opening chapters of his text for how humans can re-sculpt their brains so that their expression of self interest is more..
The Federal Reserve had to resort to non-standard methods to try to stimulate the economy the last several years in part because:
Write a one to two page response on an issue that interests you within the topics of South Asian geography, climate, prehistory (including the Indus Valley Civilization), or Hinduism. Discuss your opinions and impressions in a scholarly fashion and u..
The national minimum wage in the United States is currently $7.25 an hour. There are several arguments against the idea of minimum wage because it is supposed to harm those it is meant to aid. Use elasticity to explain/refute this idea.
As China presumes to surpass the American level of GDP, how do you assess the prospects for their future? How likely is this economy to achieve efficient outcomes and lasting prosperity?
The difference between gross and net investment is referred to as:
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