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Assignment
1) You are a leader of a corporation and have been asked to decide between some designs for a child car-safety seat, using information such as that listed below. How much, in your estimation, would you pay for a seat yourself? How much, in your estimation, would the customer be willing to pay for a safety seat? How much, therefore, is the life of a child worth? How are utilitarian principles at work in this case?
Cost Percentage of deaths at 70 mph$20 80%$50 60%$70 30%$150 10%$500 5%
2) Read the "On the Edge" article on page 92 of the text (Working for Elli Lilly & Company).
Discuss the questions that follow:
1. Discuss Eli Lilly's practice from the perspectives of utilitarianism and rights.
2. In your judgement, is the policy of using homeless alcoholics for test subjects morally appropriate?
My Kitchen Delights (MKD) is considering two new suppliers for the jars used in the production process. The quality at both suppliers is equal. Assume that the annual holding cost is 30% of the unit price. Monthly demand averages 20,000 jars. O..
A dairy maker sells 250$ of milk to a cheese maker. The cheese maker users the milk to make $450 of cheese and sells it to a wholesaler. The wholesaler sells it to a retailer for $600. The retailer sells it for $1200. What is the GDP from this ..
The case study is related to a debate between the Ministry of Health and the Ministry of Education to establish a number of health centers and a number of training institutes respectively with limited and available resources.
Find the equilibrium points of the differential equation y' = y - A, and determine their type.
Draw a production possibility frontier for Bermuda, with fish on the horizontal axis and hotel stays on the vertical axis, and label Bermuda's actual production point for the year 2000.
Calculate the price elasticity of demand for each island using the mid-point method. Compare your result using the mid-point (or arc elasticity method) to the result from part (a) using the standard method
Although our development of the Keynesian cross in this chapter assumes that taxes are a fixed amount, in many countries taxes depend on income.In the Keynesian cross, how does this tax system alter the government-purchase multiplier.
Explain how country A with comparative advantage in boot making and country B with comparative advantage in wine making can gain from trade with each other. Include in your explanation from where the gains are coming.
1) Define and explain Greenfield venture in relation to Foreign Direct investment (400 words). 2) Were Greenfield Ventures advantageous for Netflix? (600words).
As a result, the marginal social benefit resulting from consumption of the vaccine.
A HR Director for a medium size public company. Under Americans with Disabilities Act are the following workers entitled to a affordable accommodation and, if so, what would be affordable:
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices
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