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Aristotle’s moral theory argues that _________________ is the primary end of human action.
(a) following one of two extremes, (b) promoting utility, (c) acquiring virtues, (d) the happy life
By “activity of the soul according to virtue,” Aristotle defines his subtle notion of ________.
(a) virtue, (b) vice, (c) happiness, (d) the mean.
Firm manufactures bicycle component upgrade kits. Kits have a short-run average variable cost of $48 and are sold for $66 each. What is breakeven level of daily output for firm.
A local landfill currently charges $100 per half ton load of waste to dump. The marginal costs to the landfill of operating the dump are about $60 per half ton load of waste. Assuming the landfill pricing is dynamically efficient, what is the MUC of ..
What factors influence Under Amour's ability to make an economic profit in the cross-training shoe market.
Write an essay on (or discuss) judicial activism. Present the arguments on both sides of the question as to whether judges should interpret or simply apply the Constitution. Provide more current examples (the current Supreme Court docket) and predict..
Let us suppose that the consumer is choosing between beer and milk. The consumer will always prefer beer to milk. However, if the consumer has two choose between two consumption bundles having equal amounts of beer and different amounts of milk, then..
Give two examples, the first of a case where firms have a particular advantage over markets in coordinating economic activity, and the second where firms have a distinct disadvantage
If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
Under the pressure from the Congress, the U.S. Federal government has been working hard to reduce, or at least not to expand, the budget deficits and national debts. Meanwhile, the Fed keeps pumping money into the economy since the financial crisis t..
the demand function for newtons donuts has been estimated as followsqx -14 - 54px 45py 0.62axwhere qx represents
The supply of a new drug is Q= 50 X P – 100. The demand for it is Q = 6,600 – 15 X P. What is the market equilibrium price and quantity?
when the colts won the super bowl the demand for peyton mannings jersey was p 210 - 0.002q with a corresponding
Assume that the economy experiences a supply shock, such as an increase in energy prices. If the government tries to counter this cost shock (supply shock) by using expansionary fiscal policy/monetary policy, explain what will happen to the level of ..
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