What is Kant’s stance on discovering moral laws?
Blog
How might virtue ethics help with everyday decision-making,…
How might virtue ethics help with everyday decision-making, such as the borrowed car scenario?
In utilitarian thought, how is “utility” generally understoo…
In utilitarian thought, how is “utility” generally understood?
What does the term “prima facie” literally signify for Ross?
What does the term “prima facie” literally signify for Ross?
Why does lying fail Kant’s universal law test?
Why does lying fail Kant’s universal law test?
Kerem makes candles. If he charges $25 for each candle, his…
Kerem makes candles. If he charges $25 for each candle, his total revenue will be
If a monopolist is able to perfectly price discriminate,
If a monopolist is able to perfectly price discriminate,
Farmer McDonald sells wheat to a broker in Kansas City, Miss…
Farmer McDonald sells wheat to a broker in Kansas City, Missouri. Because the market for wheat is generally considered to be perfectly competitive, Mr. McDonald maximizes his profit by choosing
Assume a firm in a competitive industry is producing 800 uni…
Assume a firm in a competitive industry is producing 800 units of output, and it sells each unit for $6. Its average total cost is $4. Its profit is
A perfectly competitive market begins in a situation of long…
A perfectly competitive market begins in a situation of long-run equilibrium. Then, there is a decrease in demand. Describe the process that eventually leads to a new long-run equilibrium.