What are the ethical issues raised

Assignment Help Business Economics
Reference no: EM131001876

CASE: BUYING A CALCULATOR As a student you are on a very limited personal budget, but your research group has a very large budget for supplies. Next semester you will be taking a course in which a calculator with graphics capabilities will be required. These calculators are quite expensive, and it will be difficult for you to find that much extra money in your budget. While discussing your problem over lunch, a fellow student suggests that you charge the calculator to your advisor’s research grant: “Dr. Morgan will never notice such a small amount of money. We spend that much on solvents every week in this group. Besides, you probably will also use it in your research will from time to time.

Answer each in paragraph

1. What are the ethical issues raised in this case?

2. Who will be affected by your decision?

3. What moral principles should you use to decide on a proper course of action?

4. What course of action is best? And how do you decide which is best?

Reference no: EM131001876

Questions Cloud

List and describe the four types of unemployment : List and describe the four types of unemployment. Using the expenditure approach, give an equation for GDP. Now explain it. If the CPI for 2006 was 170 and the CPI for 2007 is 204, what is the current inflation rate?
Morning coffee with milk : Boris budgets $9/week for his morning coffee with milk. He likes it only if it is prepared with 4 parts coffee and 1 part milk. Coffee costs $1/oz, milk $0.50/oz. How much coffee and how much milk will Boris buy per week? How will your answers change..
Consumption of music increases : Dusty derives utility from 3 goods: music (M), wine (W), and cheese (C). His utility function is given by: u(M,W,C) = M + 2W + C. Show that Dusty’s MRS of wine for cheese is constant for all values of W and C on the indifference curves calculated in ..
What surplus will each consumer group enjoy : A local phone company has three family plans for its wireless service. Under each of these plans, the family gets two lines (phones) and can make local and long dis- tance (within the United States and Canada) calls for free so long as the total numb..
What are the ethical issues raised : CASE: BUYING A CALCULATOR As a student you are on a very limited personal budget, but your research group has a very large budget for supplies. Next semester you will be taking a course in which a calculator with graphics capabilities will be require..
Economic growth does not depend on how much people save : Economic growth does not depend on how much people save or businesses invest, only on how much they consume. Which of the following is NOT included in our calculation of GDP? Suppose a farmer buys $100 worth of seed, $50 worth of fertilizer, and $100..
What is the current level of unemployment-inflation-growth : What is the current level of unemployment? Inflation? Growth? What are the only 2 ways to increase the growth rate of the Economy? What are the three goals of Macroeconomic policy? Please provide a brief description of each.
When output is at its potential : When output is at its potential:
According to the film the house we live in : According to the film, the “House We Live In”, What is whiteness? Who decides what whiteness is? How does whiteness depend on the racialization of non-white racial groups? Finally, in what ways do Asian Americans experience a change to their citizens..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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