William was asked to contribute money for a retirement home. He agreed to contribute only if his name appeared on the list of donators in the newsletter published by the home every year. This is an example of ________.
A) rationalism
B) liberalism
C) impure altruism
D) pure altruism
Question 2
The basic rule for maximizing net revenue is: Charge a price, or set of prices, so that
A) expected marginal revenue equals expected marginal cost.
B) expected marginal revenue exceeds expected marginal cost.
C) expected marginal revenue is equal to or less than expected marginal cost.
D) marginal revenue turns out in practice to be equal to or less than marginal cost.
E) marginal revenue turns out in practice to be greater than marginal cost.
William Herschel, discoverer of Uranus
Ripped Money
William Paley (1743–1805).
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...