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Faulty economics Essay Topics & Paper Examples

Faulty economics

Based on Neoclassical economics, this statement is faulty because the employees provide their marginal unit of service by providing the kind of labor that their companies need to their loss of leisure. Almost all CEOs are the most stressed out employees of a company because they carry the burden to run the company. 2. This statement is faulty because the consumers are maximizing their utilities and the producers are maximizing their profits. In this statement, the demand for bottled water is greater than the demand for gasoline. Therefore, the production cost of the bottled water is greater than the production of gasoline. 3. Neoclassical economics focuses on the satisfaction of the consumers. Consumers have the preferences on whether they will…