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a. What is the relationship between the ethical obligation of honesty and truth telling?
b. Is it ever proper to not tell someone something he or she has a right to know? If so, describe under what circumstances this might be the case. How does this square with rights theory? If you believe it is never right to withhold such information, consider the virtue of caring or empathy to evaluate your action.
How could union members’ current annual incomes decline on net even if a long-lived strike induces a firm’s management to increase the hourly wage rate? Sometimes union memberships coordinate work stoppages when all workers call in sick. From an econ..
(Karloff) Consider the following market for used cars. There are many sellers of used cars. Each seller has exactly one used car to sell and is characterized by the quality of the used car he wishes to sell. Let θ ∈ [0, 1] index the quality of a used..
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total revenue. Also, compute the maximum amount of total revenue received by t..
Think of a company (such as Apple Computers or Samsung) with which you are familiar. In a response of no less than 250 words, what are the three most relevant environmental categories that need scanning for that company? How have those categorizes im..
The demand for a good is P=200-5Q. The supply is P=50+10Q. What is the equilibrium price and quantity? (Make sure you show all your work)
Suppose that Iggi and Kurt begin trading ice cream and waffle cones with each other. Illustrate what can be said about the trade patterns between Iggi and Kurt.
In the typical signalling model, it is assumed that the costs of acquiring an education are higher for low-ability than for high-ability workers. Suppose that the government steps in and subsidizes low-ability workers for the higher costs they incur ..
Two competing companies have submitted bids to develop a new video display technology. The yearly development cost of Alpha expressed in actual dollars will be $150,000 the first year and increase by 4% per year over the five year contract. Beta has ..
The type of planning conducted on a long-range basis by top managers is usually called
Given that your Mexican business invoices in Mexican pesos, you are already aware that a decline in the value of the peso could reduce your dollar cash flows. Yet, according to purchasing power parity, a weak peso should occur only in response to a h..
when given 5 costs also quantities over 5 months also asked for the arc cost elasticity of demand.
Graph the demand curve, and give some verbal interpretation. Compute the intercept and slope of the demand curve.
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