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“Diminishing Returns” is a concept, or more precisely, an empirical finding that shows up in a variety of places in microeconomics. We first encountered it in the module on utility, and then again in this module on production and costs. What do economists mean by...
Suppose a firm uses sugar in a product that you purchase. The firm vertically integrates by purchasing sugar farms that produce the sugar organically and in a way that makes it also sustainable for the environment. How would that influence your demand for that...
If more than 60 percent of the federal budget is “mandatory spending,” what is left to cut? What economic goals do categories of mandatory spending support? What programs should be abolished or cut? Should any programs be expanded? If so, identify which...
Learners are expected to have weekly interaction with the Faculty Mentor as well as with other Learners through class participation in course Discussion assignments. Learners must post to each Discussion assignment at least twice each week as follows: How do you see...
Write about the vertebrate you feel has been most beneficial to your personal life/environment and why.
Explain the distinction between absolute and relative surplus value. Is one or the other of these particularly helpful for describing workplaces you have experienced? ORIs ‘unproductive labour’ a contradiction in terms under capitalism? Use contemporary examples to...
