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In 1973 the United States Supreme Court handed down the famous case Roe v. Wade, 410 U.S. 113 (1973), wherein the Court determined that the decision to have an abortion is a private decision that is protected from government intervention, in some circumstances, by the U.S. Constitution. Suppose that a state legislature passes legislation (a state statute) that attempts to reverse the Roe decision by prohibiting all abortions in that state. Which is controlling in that state, the statute or the decision of the United States Supreme Court? Explain your answer.
A deposit of $ 40,000 is put in a savings account at an interest rate of 3%. The interest is compounded quarterly, Equal annual withdrawals are to be made from the account, beginning one year from now and continuing forever. What is the maximum annua..
Consider an economy with five assets: 1) Cash 2) Checking Accounts 3) Savings and Money-Market Accounts 4) Bonds 5) Stocks. M1 includes asset classes 1 and 2, and M2 is the sum of M1 and asset class 3. All else being equal, how would each of the foll..
Market demand for laptop computers is y = 500 - 2p. But the computers are developed by a hardware firm with a cost function c(y) = 10y + 100, & the operating system is developed by a software firm with a cost function of c(y) = 150. Calculate the opt..
Illustrate what is probability first two electric toothbrushes sold will be returned to drugstore because y are defective. Explain how all work, formula and answer.
Robert Johnson, manager of a Kentucky Fried Chicken franchise, is thinking of introducing barbecued chicken in the product line. Its profitability will be based on the fact that the barbecue sauce will cover up the lack of freshness in leftover chick..
What is the unemployment rate for this simple economy? What is the labor force participation rate for this simple economy? Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60..
Illustrate what are the monopolist's profit-maximizing price and total output.
Theories about child rearing go back thousands of years, yet developmental psychology is only about a century old. How has psychology been impacted by the philosophical and religious theories of child rearing.
There are some economists that defend the notion that government works against competition within certain industries and as a result, the industry becomes less competitive AND much more smaller. For example, the government may put up new regulations,..
The concern of an auto insurer that insured drivers will not be as careful is due to the problem of:
A manufacturer requires an additional 10,000 square feet (929 square meters) of warehouse space. A reinforced-concrete building added to the existing main structure will cost $850,000, whereas the same amount of space can be constructed with a galvan..
sofa manufacturer presently is using 50 workers also 30 machines to produce 5,000 sofas a day.
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