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Analyze the motivations behind some of the decisions you have made and the actions you have taken, and try to determine the extent to which you are motivated by self-interest. Have you ever done what might be called a purely altruistic act? Does this analysis of motivation lead you to believe that psychological egoism is an accurate description of how human beings live their lives? To what extent do you think people make their moral decision based on ethical egoism? What is meant by taking the "moral point of view."? Give specific examples.
Given two countries (Uganda & Botswana) and two goods (Cars and Shirts) model, suppose Uganda is endowed with ten million workers and each of its workers can produce either five cars or ten shirts per worker. Politicians decide to open to trade. Whic..
Occupational licensing can accomplish which of the following?
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
Recently American Airlines started charging $15 for each checked baggage. Why did the company simply not charge $15 to $20 more per ticket, and quietly avoid this publicity? responses to this topic.
Consider current on-demand digital media delivery trends, such as Apple TV, Netflix, and Hulu. Choose one company. Based on the material covered this week in the lectures and textbook, do you believe that this company has a viable revenue model? Why ..
In addition to wages, what other factors influence an individual to choose one job over another? Consider jobs like those on some popular TV shows like Deadliest Catch and Ax Men. While these individuals are not guaranteed a high salary, why might th..
Economic theory would suggest that the profitability of an industry would be
Imagine that a $10,000 ten-year bond was issued at an interest rate of 6%. You are thinking about buying this bond one year before the end of the ten years, but interest rates are now 9%. a. Given the change in interest rates, would you expect to pay..
Using the methodology illustrated in Table 4.3 and your knowledge as an automobile owner, prepare a competitive strength assessment for Ford, BM, Chrysler, Toyota and Hyundai. What does your competitive strength assessment disclose about the overall ..
Maria is a single mother. Every week she has 100 hours available to split between leisure and work. If she works, she can earn 20 dollars per hour. Write down the equation for her budget constraint and illustrate it with a graph.
When the incidence analysis of a tax increase incorporates the assumption of an offsetting decrease in another tax, we call the analysis
Algebraically describe the market equilibrium price/output combination. Find out the price below which the firm will go out of business.
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