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Question:
Do you think that there should be equal opportunity in a just society? What would you mean by this phrase? Do you think that it is a realizable ideal? Describe John Stuart Mill's concept of utilitarianism.
Do you see any advantages or disadvantages of applying this to our society?
250 words
A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
Can you please provide a real-world example of product (a good or service) which has either an external cost or external benefit associated with it and propose the government policy to adjust for the over- or underproduction of this product.
On a supply and demand chart, what would the slopes have to look like for a consumer to pay the whole amount of an excise tax equal to exactly the cost of the tax instead of splitting it with a producer?
The data contained in the following table shows the tradeoffs that occur in an economy that produces only two types of products: pharmaceutical and computer-related technological products. Use the data given in the table to graph the production po..
Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages
You participate in a taste test for a new protein supplement called "Boost." You are given five consecutive one ounce vials of the supplement and after consuming each vial you are asked to note your reaction.
describe the ideologies of two different political systems. select two different countries of your choice for a
The production engineers at Impact Industries have derived the optimal combinations of labor and capital (the only two inputs used by Impact) for three levels of output: 120, 180, and 240 units of output:
consider a monopolistically competitive market with n firms. each firms business opportunities are described by the
Derive the PPF for both countries and graph them and who is specializing in Bourbon according to Comparative Advantage?
Marketing mix is controllable set of activities that the firm employs to respond to the wants of its target markets. Make a report on the marketing mix and keep the following questions in mind:
what is the relationship between average and marginal productivity? what would happen to average and marginal
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