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In writing of "the gospel of wealth," Andrew Carnegie: a. reminded Americans that the money they accumulated must not be obtained by immoral means. b. justified his wealth by quoting the New Testament: "to him that hath, more shall be given." c. argued that it was the responsibility of the rich to put their money to good use, providing the worthy poor with educational and cultural institutions. d. claimed that the accumulation of wealth by capitalists was a small price to pay for the economic expansion from which all Americans benefited.
Illustrate what is the average time in the system. Illustrate what is the probability there are more than three cars in the system.
To determine which of the output levels represents a macroeconomic equilibrium.
Does the existence of poverty imply that our socioeconomic system is unjust. Does the concentration of poverty in certain groups make it more unjust than it would be otherwise.
Describe how many days before the due date the cesarean section should be carried out so that there is no more than a 10 percent chance that the woman will go into labor before that date.
Use indifference analysis to demonstrate the income, substitution also the total effects if good X is a non-Griffin inferior one.
a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers.
Total industry sales are $105 million. Top four firms account for sales of $10 million, 9 million, 8 million and $5 million, respectively. What are four firm concentration ratios.
A stock is expected to pay a dividend of $2.50 per share indefinitely. The stock is expected to generate a return of 8 percent in the foreseeable future. Based on this information, Compute a fair price of this stock.
What value of y survives as a solution if all firms are competing for high ability workers.
Illustrate what problems would occur if the managers of each division were given incentives to maximize each division's profit separately.
You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique.
Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically
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