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Why is it sometimes difficult to apply the same rules of morality to political leaders that we apply to all individuals? Pulling in examples from the readings and Lessons, explain Machiavelli's advice to rulers in The Prince that one must learn to lie and commit other acts that are normally viewed as immoral. Do you think this is good advice for political leaders? Why or why not?
An electric utility is considering upgrading its facilities to cut consumer costs. Currently these consumer costs total $350,000 per year. Transformer upgrade Y would have an initial cost of $750,000, would last for 20 years with no salvage value, wo..
Consider the case of asymmetric information discussed in section 3.5, in which a seller may know that her product is high in quality but a buyer may not know it. describe two different steps the seller might take to avoid the adverse selection proble..
Assumes that wheat producers lobby the government for a price floor also receive one.
A decision-maker's preferences over the set A=(a,b,c) are represented by the payoff function u for which u(a)=0, u(b)=1, and u(c)=4/ Are they also represented by the function u for which u(a)= -1, u(b)=0, and u(c)=2? How about the function w for whic..
q.you possess the following information about ipath. the price elasticity of demand for ipath is -2.5 the cross price
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet of the following balance sheet.
Suppose that the long-run world demand and supply elasticities of crude oil are -0.906 and 0.515, respectively. The current long-run equilibrium price is $30 per barrel and the equilibrium quantity is 16.88 billion barrels per year. Derive the linear..
Your friend's monthly demand for minutes of calling is given by the equation 50, where p is the price of a minute.
Most U.S. and some European airlines now impose additional charges for everything but a seat on the flight. Specific seat selection, baggage, beverages, and nearly every amenity that was once included in the ticket price is now a source of “ancillary..
Explain the process that all teams go through when they are being formulated. List and explain the guidelines for team building. Why is there so much emphasis on team building in the world today.
The Following table shows the regression coefficient (B) and the t-statistics (T) for the variables influencing business traveler demand for hotel rooms (including hotel prices and attributes) from the study.Which characteristics are most and least..
Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country. (b) Is it good for the economy to have more competitive markets? Explain. (c) If government industry regula..
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