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Please prepare a 3-5 page paper in response to this narrative and upload as indicated.
Adam Smith "discovered" profit as distinct from "wages of superintendence" by noting that capitalists received a return proportionate to their capital, which did not appear to be related to any intrinsic or learned skill or management responsibility that they might have.
Is profit an appropriate method for distributing income, in light of Smith's discovery? What is Smith's opinion? What are alternative views? In the U.S. today, what is different about profit compared to Smith's observations of his time period?
Cable networks are often monopolies in their own local markets but typically face direct competition from the two satellite providers (DISH Network and DIRECTV). Does the cable provider's monopoly power describe the various bundling options that cabl..
Where Q is weekly production and P is price, measured in cents per unit. The firm"s cost function is given by C = 60Q + 25,000.Assume that the firm maximizes profits.
Assume there is an imperfect capital market. Draw a graph to show the optimal years of schooling for an individual with high access to funds but of low ability and an individual with low access to funds but with a higher ability level. Which ind..
Institutional economics and neo-classical economics. Off-hand, which of the two seems like a more sensible approach? What are some of the elements you agree or disagree with?
Suppose that virtually everyone in the United States decides to take life a little easier, and the length of the average workweek falls by 25%. How will that affect GDP Per capita GDP How will it affect economic welfare
Suppose there were a cap put on executive pay by the government. Suppose that "excessive wages" of executives were "excessively" taxed. What would be the effects on wages of workers down the corporate ladder?
the palms dry cleaning shop in fort lauderdale florida faces a highly seasonal demand for its services as the
what events toward the end of the 19th century enabled general interest magazines to become mass circulation magazines?
What happens to equilibrium output and the equilibrium interest rate in the short-run, and equilibrium output and theequilibrium price level in the long-run.
how do you define social diversity and business ethics? how has a more diversified labor force affected the corporate
The U.S. is an attractive market for foeign marketers for all of the following reasons except: A) Large population B) Rapid growth and Economic growth
Name the factors that affect economic development in some countries
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