Marginal probability
Problem: When an increase in precaution will reduce liability from 10% to 4%, for example, how do you compute that? If the damages were $500,000 would it be 6% of $500,000?
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How the hypothesis of diminishing marginal utility is used to explain both the demand curve's negative slope and consumer surplus - a central concept in benefit-cost analysis;
What are some of the most important examples of types of transnational crime and organized groups that commit these crimes? How have the United States and other countries tried to combat transnational crime, and with what results?
Perform a Pareto analysis on the data to determine the relative importance of the factors and plot in a Pareto chart.
Calculate the marginal cost and marginal benefit of posting the attendant. According to the marginal Hand Rule, would the barge owner be found negligent for failing to post an attendant?
How do information flows correspond to the distinction between time-saving and time-using technologies?
In light principle-agent theory, why might dentists and attorneys be required to subscribe to professional codes of ethics that prevent (or at least limit) their ability to sell unneeded services to their clients? Why do we not see similar codes o
Problem: When you see a lighthouse and a child asks who made this (or had it made) how will you explain? Why?
Question 1: What is poverty? Question 2: How does the United States define who is poor? Question 3: What is the current poverty rate?
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