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Construct an argument designed to justify the law using one of the four grounds for justification (legal moralism, the harm principle, legal paternalism, and the offense principle) for a Law against shoplifting.
Banks are currently required to hold at least 10% of their checking deposits as reserves. Many bankers would prefer that the required reserve ratio be lowered to 0% (as in Canada and England, where there are no reserve requirements). Explain why this..
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
Producing nations outside the organization, like Britain and Norway, should do their share and cut production.
a. Does either firm have a dominant strategy? b. What is the Nash equilibrium (if any)?
They are paid by number of trees from where the leaves were plucked. Total payment is amount of money for plucking leaves multiplied by number of trees).
Free zone would happen if the central bank lowered the federal funds rate and buy securities on the open market.
The percentage of sales model takes into account the current assets to sales, and the current liabilities to sales only. The weakness in using the percent.
You were told that a certain cash flow sequence started at $3000 in year 1 and increased by $2000 each year. How many years were required for the equivalent amount worth of sequence to be $12000 at an interest rate of 10% per year? You were told that..
What happens to the income of a factor of production when it becomes more mobile? Other things being equal, would the income to the owners of this factor rise or fall? Why?
Suppose there are n number of identical firms in a market. Each firms cost function is given by C = 648 + 8q^2, where q is the amount that an individual firm produces. This means that an individual firm's marginal cost is given by MC = 16q. How much ..
Determine how sensitive the decision to invest in the new facility is to the estimates of initial cost and net annual revenue. Use a MARR of 4% per year and a 5-year study period.
In one well-developed paragraph, explain why specialization is important in the operation of a market.
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