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1. Employees at Foxconn factories described in the e-Activity worked more hours than allowed under Chinese labor laws. Yet the violation of these standards is widespread in manufacturing and the demanding treatment of workers is commonly accepted. Compare and contrast the ethos of Foxconn with the basic tenets of ethical relativism. Assess the degree to which companies like Apple might be affected by such ethical relativism in the countries in which their suppliers operate.
2. Workers' rights advocates and many consumers find Foxconn's treatment of employees as noted in the e-Activity to be intuitively wrong. In order to support this moral judgment, it must be informed by an argument containing a moral principle. Suggest one moral principle that could support the moral judgment that the treatment of factory workers at Foxconn is ethically permissible. Speculate on a possible challenge that one could make to this moral principle, and outline a response to that challenge.
Draw the world relative supply curve RS for good X. Label all the axes (relative price of good X on the vertical axis and world output of x relative to y on the horizontal axis) and the relevant points.
Provide a brief company and product description and describe the characteristics of your chosen product that differentiate the product in the marketplace.
Monica and her father own one of the three automobile tire stores in the city. No other city is nearby. They want do develop a strategy increase sales and market share in their city. What steps can they take?
Express output per worker (y=Y/L) as a function of capital per worker and the natural rate of unemployment and write an equation that describes the steady state of this economy.
Discuss at least four characteristics of a good business and identify and talk about at least four companies that you regard as having the characteristics of good business.
Assume marginal cost increases to 25 as a result of imposition of a tax. What takes place to monopoly and competitive price and output?
What are some things that would affect changes in supply? How can quantity demanded be changed and what if the government raised the minimum wage. How would this policy effect your firm?
Many retail companies use mark up pricing? Setting price some percentage above variable cost (such as 50% above cost).
The first acre can produce 1000 bushels of wheat, the second acre 900, the third 800, and so on. How much revenue will each acre generate? what are the TR and MR for each acre?
Is there any difference between the two approaches of the Keynesian theory and the new Keynesian theory in terms of short-run implications? What are the long-run implications on price level and GDP?
From the scenario, assuming Katrina’s Candies is operating in the monopolistically competitive market structure and faces the following weekly demand and short-run cost functions:
Give a definition of Pareto Optimal Allocation in this economy. Find out all Pareto optimal allocations and graph them in the Edge worth Box and also describe what is the theory of Second Best? Prove the theorem by using a diagram.
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