Can money buy happiness?
What does the fundamental assumption of marginal utility theory suggest about the connection between money and happiness?© BrainMass Inc. brainmass.com October 25, 2018, 9:09 am ad1c9bdddf
Money and happiness contribute to the world's level of function, self-esteem and in some case their levels of independence. Money is defined as a currency that is made up of coins, notes, rare gems or metals. Currency was developed 1000s of years ago as a means for paying for goods, services and individuals that provide both a professional and non-professional work (Merriam-Webster-Money, 2013).
Happiness is defined as a state of mental or emotional well-being that stimulates from endorphins generated by one's body in reaction to positive action or thoughts. This can be created by levels of pleasure or contentment. Many situations, this is defined by the living styles of one's life or how they are flourishing in life (The Free Dictionary-Happiness, 2013).
Can Money Buy One's Happiness'?
If money can buy one his or her ...
This solution provides a description of money, happiness, and the assumption of marginal utility theory.
Global Economics with Monopolies and Oligopolies
1. Select a company that uses (or has used) dynamic pricing.Briefly explain how the company uses dynamic pricing. Discuss the benefits and drawbacks of dynamic pricing for that particular company. Conclude with a summary of your findings.
You have been contracted by a competitor of SBC to conduct some background research on SBC. Specifically, you have been asked to research, compare, and explain the similarities and differences of the breakup of the AT&T/Bell System antitrust problems that occurred in the 1980s to the recently similar problems with SBC/Ameritech. Add to this, the pending acquisition of ATT by SBC.
1. Explain the difference between a monopoly and an oligopoly, the welfare effects of monopoly, cost advantages that create monopolies, government actions that create monopolies, and government actions that reduce market power.
2. SBC and ATT are planning to merge. Apply the information fron the above question and explain whether the newly formed company will be a monopoly or oligopoly. What will be the welfare effects, if any, of this merger? What cost advantages might be created? What actions, if any, do you think the government will take? Be sure to support your answers with specific facts.View Full Posting Details