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Economics and Ethics : Morality and ethics are powerful motivations to behavior. Thouh, economists suppose that rationality is a function of demonstrable self-interest. That means, material well-being B greed if you will. The acceleration of corporate scandals by the early part of this century seems to suggest a disregard for issues other than material well-being by lot of people who were in positions of authority in various major companies (Enron, Worldcom, Tyco etc.) Self-interest when measured purely in dollars and cents will often give rise to unethical, immoral, and perhaps even illegal conduct.
Explain why both the PES and PED tend to be inelastic in the short run for primary goods. PED deals with (primarily) the ability and propensity of consumers to switch to other
Indifference curve definition
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
what is iso curve
Market intervention by government Government intervenes in various degrees in different countries. Free economy is almost non-existent in the modem world. In real world, the form,
what are the recommendations for effective economic planning?
what is money? functions
a more simple explanation of the group equilibrium in the short and long run
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
Calculate Marginal Revenue
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