Professional codes of ethics

Assignment Help Microeconomics
Reference no: EM13893850

In light principle-agent theory, why might dentists and attorneys be required to subscribe to professional codes of ethics that prevent (or at least limit) their ability to sell unneeded services to their clients? Why do we not see similar codes of ethics for automobile mechanics?

Reference no: EM13893850

Questions Cloud

What makes stock prices important to managers : Compare and contrast subsidiary sales, spin-offs, equity carve-outs, and targeted shares. What is the market for corporate control and how has it changed over time? What makes stock prices important to managers?
Explain how unions human resources management personnel : Explain how unions human resources management personnel,
Why might intra?rm diversi?cation affect ?rm value : Why might intra?rm diversi?cation affect ?rm value? Takeovers can be an important corporate governance device as they can discipline the management of a poorly performing target company.
What is the after tax rate of return for parc : What is the After Tax Rate of Return for PARC? Given the current economy, would you suggest PARC do the expansion?
Professional codes of ethics : In light principle-agent theory, why might dentists and attorneys be required to subscribe to professional codes of ethics that prevent (or at least limit) their ability to sell unneeded services to their clients?
Why would market expect diversifying mandas to destroy value : Diversifying takeovers are frequently associated with negative announcement returns to the bidders. Why would the market expect diversifying M&As to destroy value?
What are the main issues addressed by ezekiel : What are the main issues addressed by Ezekiel, and what does he say about each? For selected readings in Ezekiel, see the Meta
How the laws of thermodynamics apply to each system : Be certain to describe three or more ways in which the plant cell and the solar cell are similar to each other, as well as three or more ways in which they are different from each other. In addition, please explain how the laws of thermodynamics a..
Marginal hand rule to evaluate the merits of this claim : Assume that, prior to the accident, the owner had posted an attendant during the day. Suppose that the victim claims that the owner is negligent for not having posted the attendant for 24 hours. Use the marginal Hand Rule to evaluate the merits of..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd