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In our discussion of the various tactics used in advertising, it was determined that what Arrington called “puffery” was indeed a _______________. (a) form of lying, & thus immoral, (b) way of creating artificial desires in potential customers, (c) a form of subliminal stimulation, (d) harmless form of amusing exaggeration used to inform customers of a product.
(Numbers 20 and 21 are to be read together but answered as two successive questions)
Concerning justifications of “whistle-blowing,” the major difference between the standard theory & the complicity theory is that the former is based on (20) ________ principles while the latter is based (21) _________ principles. (a) egoistic, (b) deontological, (c) utilitarian, (d) virtue ethical.
How does an increase in income tax rate affect economy? Please show it using AD/AS frameowrk. Expansionary fiscal policy: what does it mean? How does it work? Contractionary fiscal policy: what does it mean? How does it work? Please define spending m..
explain what occurs when a new technology makes another one obsolete in terms of economic profit. consider firm a to be
Specify the main economic (not political) drawback of economic integrations among nations? Explain (do so in no more than 40 words).
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve.
A monopoly has the market demand Q = 1000-1000P, with a marginal cost, MC = 0.28. What is the optimal price and quantity for perfect competition? What is the optimal price and quantity for monopoly?
Explain how much additional profit do you earn using a two-part pricing strategy compared with charging this customer a every-unit price.
Consider an initial stock of 5000 tons of high grade ore. The demand function for this ore is P = 2400 – 0.2Q (Q is measured in tons/year), and the cost of extraction is constant at c = $200/ton. The discount rate is r = 0.10. Using a discount rate o..
Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $48,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $20,000. In year 1, Molly's AGI (excluding any income or ..
Describe how capital and labor affect the production function for both a toy manufacturer and a retailer during the Christmas retail season. An owner of a local movie theater is having difficulty maximizing labor. Sometimes there are too many employe..
How does stakeholders' satisfaction affect triple constraint. What would you do to prevent changing project requirements that might lead to scope creep.
Countries with higher personal saving rates tend also to have higher rates of business investment and capital accumulation. Explain why this fact does not provide a justification based on social efficiency for policies that increase U.S. personal sav..
Define and identify the market for each of the following products in terms of (1) market scope (local, regional, national, international ( state your reasons why you classify them as local, regional, national or global in scope), (2) likely character..
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