Question 1 options: tort law standard of proof normalization of deviance capabilities conception of harm/benefits criminal law standard of proof risk 1. well being as the satisfaction of preferences 2. well-being as the ability to lead the kind of life one has reason to value 3. gradual acceptance of anomalies as acceptable risks 4. absolute certainty 5. beyond a reasonable doubt 6. preponderance of evidence 7. product of the likelihood and magnitude of harm 8. false positive 9. false negative 10. accepting criminal behavior as all right

The typical consumer's food basket in the base year 2015 is as follows: 30 chickens at $4 each 10 hams at $5 each 10 steaks at $8 each a chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. hams rise to $7.00 each, and the price of steaks is unchanged. a. calculate the change in the "cost-of-eating" index between 2015 and 2016. year cost of the basket 2015 $ 2016 $ instructions: enter your responses rounded to one decimal place. the official cost-of-eating index has by %. b. suppose that consumers are completely indifferent between two chickens and one ham. for this example, how large is the substitution bias in the official "cost-of-eating" index? the in the cost-of-eating index is %. the of inflation in the cost of eating reflects substitution bias.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy:

Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be