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Question: Elhauge (2005) defined corporate social responsibility as "sacrificing profits in the social interest."
Using this definition and the ideas of efficiency and equity discussed in Roger Strickland's video, consider the case of Mylan's EpiPen.
How would you summarize the question of social responsibility surrounding Mylan's choice of price?
What would Friedman say that Mylan should charge for the EpiPen? To whom are the executives of Mylan responsible?
What would Almeder say that Mylan should charge? What justification might he offer for selling less that "what the market could bear"?
with current technology consider a firm is producing 400 loaves of bread daily. suppose that the least cost combination
The construction time for a bridge depends on the weather. The project is expected to take 250 days if the weather is dry and hot. If the weather is damp.
Assume each worker is paid $10 per hour and works a 40-hours week. How many workers should the firm hire if the price of the output is $ 10? Suppose the price of the output falls to $7.50.What do you think would be the short-run impact on the firm..
An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined in the United States before the loan was fully repaid.
Identify two elastic and two inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.
write a two to three 2-3 page paper in which youidentify and discuss three 3 externalities which can either be positive
Identify the feasible membership options and express these as cost functions for the bank. Draw a graph showing the above options and explain how the bank's management should select the optimal one.
Why might a local resident be willing to pay more for an apartment complex in your hometown than might an investor from out-of-the-country who would use it for exactly the same purpose – housing tenants?
Felix Jones, a recent engineering graduate, expects a starting salary of $ 65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years.
Write your personal thoughts about the main concepts of the Cheung-Judge (2012) article, and identify personal traits.
You just got a job in Washington, D.C. You move into an apartment with some acquaintances. All your roommates, however, are slackers and do not clean up.
The government requires employers to pay time-and-a-half for labor in excess of forty hours a week. How should managers be expected to react to that law? What effect should such a law have on the quantity of labor demanded? Why?
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