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Some "instances" of Corporate Social Responsibility (CSR) are in the eye of the beholder. It is interesting that the early literature (say 10-15 years ago) argued that corporations could have virtues and vices; interesting idea given the recent ruling by the U.S. Supreme Court about Hobby Lobby and religious views of corporations. In any event there is the observed behavior of corporations termed "Fixing A Problem They Created" (FAPTC). One example of fixing FAPTC is when a gambling house - which is a growing feature of the Maryland economy - is praised for its efforts at controlling problem gaming - i.e. people betting the food or rent check. The gaming issue is a bit more complex because sometimes companies are required to provide assistance to problem gamers sometimes they are not. In my experience many of you are drawn to this question because of the perceived length of the competing option. Just in different ways. i. Identify and cite an instance of FAPTC that you find. ii. For the instance that you find, cast the problem as a form of externality describing the externality. Now for the opinion part, using either the pyramid of CSR or the domains approach to understanding CSR provide either praise or criticism for the company in your example
Suppose a medical study reveals new benefits to consuming beef, and at the same time a bumper corn crop reduces the cost of feeding cattle. The equilibrium quantity of beef will stay the same.
The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..
Assume the following data describe the gasoline market: Price per gallon $2.00 2.25 2.50 2.75 3.00 3.25 3.50 Quantity Demanded 32 30 29 28 22 21 20 Quantity Supplied 16 20 24 28 32 36 40 (a) What is the equilibrium price?
The point M on the accompanying production possibilities curve depicts the mix of output that is determined by the free market. In your opinion as an economist, where is the socially optimal mix of output Mark this on the PPC as point S
1) The probability of A is 0.50, the probability of B is 0.45, and the probability of either (i.e. P(A[B) is 0.80. What is the probability of both A and B?
What are the similarities and differences between the three countries in terms of the percentage of the population that works in each type of industry?
A manager at strateline manufacturing much choose between twoshipping alternatives: two day freight and five-day freight. Using five day freight would cost $135 less than using two day frieght.
In the short run, a firm operating in a competitive industry will shut down if price is less than average total cost, less than average variable cost.
Discuss the long run implications of monopolistic competition with respect to (a) utilization of plant, (b) allocation of resources, and (c) advertising and product differentiation. Compare this to the situation of perfect competition.
Which of the following statements about unemployment and inflation is false? A. The short-run Phillips curve demonstrates a negative relationship between unemployment and inflation, whereas the long-run Phillips curve is horizontal because the nat..
Determine the equilibrium price and quantity and explain its meaning to your chosen company. Indicate how your chosen company's management should use this information to make sound strategic decisions.
Use demand and supply analysis to illustrate the changes in chicken prices described in the article. Describe what has happened in the corn and soybean-meal markets and how that has influenced the chicken market.
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