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Obedience to authority can be a powerful social pressure to conform and comply with a request that might be against our intuitive sense of right and wrong. Milgram's study of obedience has contributed to understanding how people can commit in human acts under situational constraints. Read about the experiment and put yourself in the participant's situation and explain how you honestly think you would have responded if you were in that experiment. Would you have administered the shocks? Please remember that I need to know that you have read and understood the materials.
Why do manufactures like Procter and gamble spend millions of dollars annually creating and maintaining their brands? Why won’t they just manufacture their products and sell them under store brand labels?
Can you relate the Classical and/or Keynesian macroeconomic models to assumptions about economic behaviors and to economic policies being implemented in the U.S. economy today?
A firm that acquires a substitute product can reduce inter-product cannibalization by
q. suppose that at the equilibrium price and quantity the marginal revenue is -15 and the price elasticity of demand
You just purchase a coupon bond with a face value of $1000, 6% coupons, and three years remaining to maturity. Assume that all markets are 7% A) what is the duration of this bond B) Compute the exact price change(using the present value formula) if i..
Using graphing function on TI-83/84 Explain how price supply and demand are equal. At this price, explain how many tickets will be supplied and sold.
There are two distinct sectors: taxidermists (X) and tap dancers (T). It is surprising that there is complete labor mobility between the two sectors. There are 200 equally talented workers who supply their labor inelastically.
How can queuing promote equity?
The unemployment rate in an economy is 6%. The total population of the economy is 290 million, and the size of the civilian labor force in 150 million. Illustrate the number of unemployed workers in this economy.
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 2L + 3K. Draw the isoquant that represents 20 units of output. If the price of each unit of labor is 1, the price of each unit of capital is 2 a..
Consider a situation in which U.S. interest rates are, for the most part, higher than interest rates of other nations. From the perspective of the International Fisher Effect, would you predict that the U.S. dollar will strengthen or weaken? In the c..
Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail ..
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