Name the veins Pouring Blood into the Right Side of the Heart

Covert channels are a concern when

Why are diamonds expensive while water is inexpensive?  What is the Economic explanation behind this paradox?  Clue:  this has nothing to do with the scarcity of diamonds and the abundance of water.

Explain the story of the graphs above (the process of moving from one Long Run Competitive Equilibrium position to another):

Based on the table below, answer the following questions: A.  What would be someone’s maximum utility if he had $13 to spend (just give the answer, no need for a solution)? B.  How many coconuts would a person have to buy in order to achieve maximum utility, assuming he had $13 to spend (just give the answer, no need for a solution)? C.  How many bananas would a person have to buy in order to achieve maximum utility, assuming he had $13 to spend (just give the answer, no need for a solution)? Assume the price of each banana is $2, and the price of each coconut is $1. Qty of Bananas Total Utility ∆ in Total Utility Marginal Utility (∆TU/∆Q) MU per dollar (MU / price) Qty of Coconuts Total Utility ∆ in Total Utility Marginal Utility (∆TU/∆Q) MU per dollar (MU / price) 0 0       0 0       2 29       2 29       4 55       4 53       6 75       6 73       8 90       8 91       10 100       10 105       12 108       12 115       14 113       14 120      

In Behavioral Economics, the term Framing refers to how a problem is presented.  Give an example.

Refer to Question 5.  How much money would this firm lose if it did not produce any output?  Formulas to help you out: TC = TFC + TVC TVC = Q x AVC Price Show your solution.  No solution, no credit. 

Why does a Perfectly Competitive firm sell at the Equilibrium Price, whether 2 goods are produced, or 1,000,000 goods are produced? Use any 1 of the 4 assumptions that Perfect Competition is built on to explain your answer.

In Perfect Competition, Price is always equal to Marginal Revenue.  Create as an example a Mathematical table wherein Price is always equal to Marginal Revenue.  Here are the formulas that you will need:     Total Revenue = P x Q (that’s Price time Quantity) Marginal Revenue is = change in TR / change in Q

What would the Lorenz Curve look like if there was perfect Income Equality among all Households?