Explain Pausanias' concept of Celestial Love and Common Love finds parallels in Diotima's dialogue with Socrates. What are they, how is Diotima's concept different, and to what end?...
Image transcription text Q5. If the demand and supply curves for boxes are: D = 100 - 8P and S =22 + 4P, where P is the price of boxes. a. Does the law of supply apply forthe market of boxes? Why? . Calculate the equilibrium...
Budget line 1: Wages are $12 per hour. No income tax. Draw budget line 1. (ii) Budget line 2: Wages are $24 per hour. Draw budget line 2. (iii) Budget Line 3: Wages are $12 per hour. Non labor income also is received at...
A. Budget line 1: Larry is paid $20 per hour. All income is tax free. Labor-Leisure Cobb-Douglas Utility = CR Draw the full labor-leisure diagram with the budget line, and solve Larry's point of optimization. B. Budget line 2: Draw a new budget line to the...
Image transcription text To prepare for a possible disaster. how would you develop a plan inadvance and who would you collaborate with to create this plan? ...
Describe a situation in sports in which broadcast commentators often fail to recognize the statistical pattern of regression to the mean. Provide examples of the statements made by commentators. Also state what the commentators would say instead if they had a better understanding of statistics....
A 200-pound ox can be sustained on a diet calling for various proportions of grass and grain. These combinations are shown in the table. Plot the isoquant corresponding to the inputs necessary to sustain a 200-pound ox. Comment on its shape. The rancher's cost of grass is...
Image transcription text 1) A firm has the following covered losses in the policy period: Loss Amount of Loss A $1000 B $4000 C $12000 For each of the following deductibles, determine the total paid by the insurer in the policy period: a) A pure deductible...
Using the model of the market for reserves presented in Class 15, please show the effects of Large Scale Asset Purchases (quantitative easing). What happens to the quantity of non-borrowed reserves and the federal funds rate? (HINT: In Microsoft Word, you can use the drawing...
Image transcription text Exam Content Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade. Consider the following: . Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing...