Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Question: A largely studied portion of The Republic deals with Plato's cave allegory. The story goes something like this: You, as a person, find yourself within a cave, chained to the ground, facing a stone wall. You cannot stand, and all you know are the images that play out before you, which are the shadows cast by a light source from behind you. You cannot see behind you, but you know that there are others in the cave with you. This is the only state you have ever known. It is your only reality of the world. Plato goes on to explain that then one day, people come and remove your chains, and take you out of the cave. As you can imagine, you are scared and frightful, and thus fight these individuals as they drag you into this new setting. However, over time you learn to accept the larger image of the world around you and come to understand life outside of the cave. You then attempt to go back into the cave to free others. This story was Plato's attempt to explain the world around us. Just picture it: You are chained to the ground and all you can see in front of you is a cave wall. There is a light source behind you, which casts reflections on the wall.

What do you think you would think of these reflections? Could they represent family members? Or friends? What about a god?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93118163

Have any Question?


Related Questions in Microeconomics

Question consider the industry in which you work or one

Question: Consider the industry in which you work, or one about which you have some knowledge. What are the costs and benefits associated with attempting to bar entry of other firms into this industry? How would a firm e ...

Question table shows how the average costs of production

Question: Table shows how the average costs of production for semiconductors (the "chips" in computer memories) change as the quantity of semiconductors built at that factory increases. a. Based on these data, sketch a c ...

Question answer all of the bulleted question related to the

Question: Answer all of the bulleted question related to the esay question on the the goverment budget. It's ok to use the outside source for the question, but please cite the source properly. ( write about one or two pa ...

Question using the small open economy model illustrate and

Question: Using the small open economy model, illustrate and describe the likely effects of an economic crisis on a country's trade performance and balance of payments? The response must be typed, single spaced, must be ...

Question acme furniture retails a chair for 250 they

Question: Acme furniture retails a chair for $250. They believe that they could raise the price of the chair by 10% and sell 30 fewer chairs per year. They have been selling 500 of these chairs per year at the current pr ...

Question net present value 3 points totalthe city of

Question: Net Present Value (3 points total) The city of Corvallis is deciding whether or not to undertake a project to improve the quality ofthe city's drinking water. The project would require an immediate payment of $ ...

Question - let us suppose that a hospital wants to set

Question - Let us suppose that a hospital wants to set their fees for an overnight stay such that the contribution margin on a hospital room will be 35%. The cost to the hospital of an overnight stay (staff, physical equ ...

Question suppose you are the manager of a watch making firm

Question: Suppose you are the manager of a watch making firm operating in a competitive market. Your cost of production is given by C(q) = 200 + 2q 2 , where q is the level of output and C(q) is total cost. (The marginal ...

Question suppose during some war in the future military

Question: Suppose during some war in the future, military expenditures increased by 3% of GDP. Describe optimal Fed policy under the following scenarios. (Hint: what happens to consumer and capital spending after the war ...

Question explain verbally and analytically using a factor

Question: Explain, verbally and analytically using a 'Factor Specific' Model, why it is that owners of flexible factors are more likely to benefit form trade than the owners of factors that are fixed to one type of produ ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As