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In 1970 Milton Friedman argued that the only social responsibility of business was to increase profits. Compare and contrast the evidence Freidman presents to back up his claim with that provided in the Homer-Dixon article.
https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html (this is the link for one of the readings)and the second reading is chapter 1 from:
Homer-Dixon, T. (2006). The upside of down: Catastrophe, creativity, and the renewal of civilization. Toronto: Alfred A. Knopf. (Chapter 1: Tectonic stresses)
question 1 consider an economy with the production functionyak25n35.a. suppose the economy is growing at an average
Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.
Does Consumer Bank face interest rate risk? That is, if market interest rates increase or decrease 1 percent, what happens to the value of the equity? How can a decrease in interest rates create interest rate risk?
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than the "full employment" unemployment rate (NAIRU) and remained at that low level for a year or longer? Explain your answer in a few ..
Two goals of monetary strategy in the United States are price stability and full employment. Explain with the help of the appropriate graphs.
Explain how the aggregate expenditure function shifts in response to the changes in each of the following variables:
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The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.
Explain how large a sales increase can the company achieve without having to raise funds externally; that is, what is its self-supporting growth rate.
Assume that initially the price is $50 in a perfectly competitive market. Company are making zero economic profits.
Identify which economic and political policies affect your firm and explain how they impact business decisions. Explain how does your firm use technology to strategic advantage.
Assume that businesses purchase a total of $100 billion of the 4-resources from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest,
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