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What is Economics? What comes to mind when you hear the word economics?
Recently proposed energy legislation has caused concern in West Virginia, particularly in respect to impact on the coal, oil and gas industries.
Consider again The Experience Machine from Week 2. Would you get in the machine? Carefully explain why or why not. Utilitarianism is a deceptively simple moral theory that has quite a bit of intuitive appeal. But it also has its share of problems. H..
Why is this a good approach to solving problems of majority-minority inequality in education?
Suppose U.S. Steel has a steel factory on the Monongahela River in Southwestern PA. Suppose further that steel is sold in a competitive market at a price of $5 per unit. The private marginal cost of steel production is MC(s) = 2 + 0.5s. What is the p..
Based on the evidence, do you think that business ethics matter or do not matter to business success in the short-term/long-term.
Consider the market for the British pound sterling (GBP). Note that although the United Kingdom (Great Britain) is an official member of the European Union, it has chosen not to adopt the euro as its official currency. An American pharmaceutical firm..
What are some of the social costs of inequality in America and other societies?
Within the range of prices around the midpoint on a straight-line demand curve, demand is...
Assume your company's capital structure is 75% equity and 25% debt. The bank will loan you money at 6% interest, net of tax, and your only shareholder wants
An asset is purchased for $745,000 today. It will have a $76,000 salvage value after 5 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2.
When the aggregate supply curve intersects the aggregate demand curve at a level of real GDP that exceeds potential GDP, is there an inflationary gap
Four students from your economics class are sitting in a local restaurant Talk about the marketplace for coffee.
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