“If it were not for the law of diminishing returns, a firm’s average cost and average variable cost would not increase in the short run “Do you agree with this statement? Explain.

Does (flavius) josephus believe the romans were merciful when they conquered people? how does he try to persuade the reader to support his belief?

Rational ignorance suggests that a. voters are ignorant on issues that are not of special interest to them b. voters do not pursue information about issues before voting c. low voter turnout is due to a lack of understanding of the platforms of each political party d. voters are uninterested in the electoral process

Norman jones, an economic historian at the university of utah, has described the views of the ancient greek philosopher aristotle on interest: aristotle defined money as a good that was consumed by use. unlike houses and fields, which are not destroyed by use, money must be spent to be used. there- fore, as we cannot rent food, so we cannot rent money. moreover, money does not reproduce. a house or a flock can produce new value by use, so it is not unreasonable to ask for a return on their use. money, being barren, should not, therefore, be expected to produce excess value. thus, interest is unnatural. what did aristotle mean in arguing that money is “barren”? why would money being barren mean that lenders should not charge interest on loans? do you agree with aristotle’s reasoning? briefly explain.