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Do you think the views on ethics and morality are separate and independent of each other? Also, in your opinion, what is the relationship between ethics and the law? Provide examples or cases in cyberspace that illustrates the relationship between laws, ethics, and morals. Also, please provide reference.
An accident occurred and an individual lose a leg. Show diagrammatically the utility functions before and after the accident. Show that if you were the Utilitarian, you would give more income to the individual after the accident, but that even after ..
Consider the case of a corn producer. This producer is a monopolist in the corn market. Since corn production uses significant amounts of fertilizers, it negatively affects the environment. Recall that, when a firm is a monopolist, it reduces its pro..
You make monthly deposits of $340 into an account that pays 3% per year. How much larger would the balance be after 7 years if interest is compounded continuously compared to monthly? Please provide steps.
Your view about how an individual's health is determined (Theory X) Whether a person is healthy or sick is determined randomly. (Theory Y) Whether a person is healthy or sick depends on lifestyle choices such as whether a person smokes, drinks or wea..
For each of the following indicate what market structure best represents the good or service and briefly outline 2 characteristics of each market structure.
Keynesian and Classical Debates (Chapter 15): In no less than 200 words explain why the flexibility of wages and prices tend to favor the Keynesian economic view in the short run and the classical economic view in the long run.
supposed short run inverse demand in a monopolistically competitive market is represented by px18-0.2x. cost is given
What is the numerical value of the partial derivative of the function with respect to advertising spending (be sure to also include the + or – sign, but I do not want the symbol for this)? The amount budgeted for advertising spending is cut by $100,0..
You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Aggregate demand management refers to the changing of policy variables like government expenditures, taxation (fiscal policy tools) or money supply and interest rates (monetary policy tools) to attain a target level of GDP. Why is there an inverse re..
How can an event such as the terrorist attacks of September 2001 affect consumer and business confidence and the economy?
Which of the following is a positive externality? The Coase theorem allows society to correct an externality without having to go through the trouble of defining property rights. Market failures can arise when: Anytime pollution is created during the..
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