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1. Aristotle wrote in the Nicomachean Ethics that ethical virtues are what?
Gained by imitating worthy people
Natural-born abilities
Traits (such as wisdom, justice, courage, and temperance) that we acquire through our abilities of reason and which we practice until they become habits
Gained by concentrated study under disciplined teachers, much like coaching
Gained by specialized knowledge and study in very precisely defined subjects
2. "If someone appears to be violating the consistency principle, then the burden of proof is on that person to show he or she is in fact not violating the principle." What fallacy is being committed by the person who violates this statement?
Red herring
inconsistency ad hominem
Utilitarianism
Justified exception to the rule
Strawman
Which of the following is an example of sexist language?
A machine was purchased two years ago for $50,000 and had a depreciable life of five years and a salvage of $0. The owner has been offered to sell the machine for $25,000. Using the following depreciation methods (SL, SOYD, DDB, and MACRS), determine..
What is the smallest per product unit subsidy that must be paid to the monopolist in order to induce it to produce 7 units of its product?
how will Kristine s consumption pattern and welfare be affected
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
A boat is purchased by financing $40000. The loan is to be paid over a 5 year period with annual payments based on a 12% interest rate. Each successive payment is scheduled to be 10% greater than the previous one. Determine the size of the smallest p..
Consider the real inter temporal model with investment now focus specifically on the representative firm in this model. What does the representative firm maximize in this 2-period model? Use words and symbols. State one of the firm's three optimality..
assume that isoland has a closed economy. Isoland national investment is $50,000,000, its private saving is $60,000,000 and its taxes minus transfer payment equal $65,000,000. Explain how much are islonad's government purchases.
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. Give the profit after calculating the profit-maximizing price and quantity. ..
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,700,000 annually. What is the price elasticity of demand for a representative gasoline reta..
A foundation was endowed with 15000000 in july 2010. in july 2014 5000000 was expended for facilities and it was decided to provide 250000 at the end of each year forever to cover operation expenses. The first operation expense is in july 2014. If al..
If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?
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