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Four of the six statements are actually your responsibility according to the principles that are part of common codes of ethics. Considering your role in this situation, check the four duties that you believe are the most important for you to consider in this situation.
Which duties do you owe the stakeholders?
Duty to honor the terms of the contract with your client.
Duty to complete your work truthfully and accurately.
Duty to maximize the revenue for your consulting company.
Duty to seek to testify before the state legislature.
Duty to discuss with Greg, your boss, whether to accept the Terebro contract.
Duty to protect the reputation of the engineers who provided the underlying data for your report.
Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18. If the average total cost at this output is $16.55, then its total profit is
Explain why standardised products are desirable for international companies, and the circumstances that are likely to prevent its implementation?
The following represents demand for widgets: QD=680-9P+0.006M-4PR, where P is the price of widgets, M is income and PR is the price of a related good, the wodget. Supply of the widgets is determined by Qs=30+3P.
The government finds that a lot of employers are prejudiced, and discriminate against foreign workers. The secretary of labor offers the President three options to deal with this problem: Arrest all employers who are hiring foreign workers at less th..
Giving a brief explanation, determine the likely effect of each of the following on the value of GM stock. (Consider each event independent of the others.) The Federal Reserve lowers both the "discount" rate and the Federal Fund rate. The rising unem..
“Dams ‘R’ Us” operates a major hydropower dam on the Klamath River in Oregon. In the event of dam failure, there would be major damages to local communities. The company can reduce the probability of failure through proper maintenance of the facility..
Assume that M1 is currently $2,700 and M2 is $11,000. Determine the new levels for M1 and M2 and whether the new values represent an increase decrease or unchanged totals for M1 and M2 based on each of the following INDEPENDENT scenario: In other wor..
What is the equation of the demand curve if consumer incomes are$30,000, the price of good Y is $10, and the price of good Z is $20? Graph the demand curve that you found in (b), showing intercepts and slope. If the price of good X is $15, what is t..
If agricultural price subsidies have the effect of lowering resource costs for farmers, use a supply and demand graph to show the effects on the market for food. Illustrate what are the implications for American public health.
Calculate the price and quantity associated with the perfectly competitive outcome.
A diabetic's demand for insulin is almost completely price inelastic. Draw a set of indifference curves and an appropriate budget constraint that would generate such a demand curve.
Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier.
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