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Plato, a Greek philosopher who lived from 427BC to 347BC, famously wrote that, "Necessity is the mother of inventions."
Do you agree with this statement? Why or why not?
My response was, " I agree with this statement because most of the inventions from the 1800s and in todays generation was/are an necessity.
ntions we covered today supports your response to whether, "Necessity is the mother of invention." Explain your response and in doing so.
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
Illustrate what Information do you require to perform a marginal analysis to identify the profit-maximizing output.
Suppose that the banking system has no excess reserves. Calculate the maximum amount of check-writing deposits when bank reserves total $10,000 and the reserve requirement;
Utilize the information to predict the yearly number of VCR's sold under the following conditions.
Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10. a. What is Jason's real income in terms of spy novel?
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
Illustrtae what is the current cost of a share of stock for a firm with $5 million in balance-sheet equity.
What is her marginal rate of substitution when L = 100 and she is on the budget line? What is her reservation wage? What is her optimal combination of C and L?
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
Illustrate what the government should do about it, how would each economist explain unemployment and what policies would each advocate.
When 2-mutually exclusive projects are considered, NPV calculations and IRR calculations may, under certain circumstances, give conflicting recommendations as to which project to accept.
These actions have caused violent protests. Should the U.S. follow their example? What would be the consequences of just printing more money to pay the debts of the government?
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