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You are an entrepreneur who has decided to go into business and open a steak and chicken restaurant. Your business plan requires that you hire at least 20 people as chefs, waiters, and so on. As the owner, you are drawing up a list of ethical principles that each of these people will receive and must agree to when he or she accepts a job offer. These principles outline your view of what is right or acceptable behavior and what will be expected both from you and from your employees.
Which can be five main ethical rules or principles you will use to govern how your business operates. Be sure to spell out how these principles relate to your stakeholders; for example, state the rules you intend to follow in dealing with your employees and customers.
AD-AS Framework: Assume that the economy is currently in short-run equilibrium but is experiencing an inflationary gap. If you are a Classical economist and believe that the economy is self-regulating, graphically illustrate and explain how the econo..
To engage in first-degree price discrimination a firm must
To save on gasoline expenses, Edith and Mathew agreed to carpool together for traveling to and from work. Edith preferred to travel on I-20 highway as it was usually the fastest, taking 25 minutes in the absence of traffic delays. Mathew pointed out ..
Suppose a confectioner (candy maker) and a doctor share a building for work. The confectioner uses half of the building, and the doctor meets with patients in his office in the other half of the building. Suppose the confectioner uses a very loud mac..
Explain how demand for time travel, as well as marginal income, long-run marginal cost also long-run average cost.
Why is the judiciary regarded as the “least dangerous” branch of government? Citing examples of its powers and its place in history, do you agree or disagree with this assessment? Should nine unelected justices have the authority to nullify state an..
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
Crew Brew of Wisconsin plans to build a microbrewery on a small stream in that state. After sampling water from the stream, Chris Pierson has found that it is contaminated with pulp and paper waste from a local paper mill.
Why do you think that whenever the government wants to increase their revenue they usually decide to increase the tax on items such as gas, tobacco products and/or alcohol? Why is it unlikely that a firm would sell at a price where its demand curve h..
Discuss, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs.
Explain how would the competitive balance in the American and National Leagues change if baseball owners forced the Yankees to move to Albuquerque, New Mexico.
state whether each of the following events will result in a movement along the demand curve for McDonald's big Mac hamburgers or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the left or th..
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