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1. When faced what appears to be an ethical dilemma, should we--the employee clarify with our immediate supervisor or that "boss" who gave us the direction what result is required, to be sure we do not have a misunderstanding? Yes/No? Why so or not?
2. When faced with an ethical dilemma in the workplace, should the employee report the ethical dilemma to someone in management in the company? Yes/No? Why so or not? To whom?
3. When faced with an ethical dilemma in the workplace, should the employee quit their job--OUCH?
Using the Edgeworth box diagram, answer the following: 1. How can one point simultaneously represent the market baskets owned by two different consumers?
Explain when assessing the effects of the budget surplus, list the assumptions you are making.
the concept of opportunity cost1. estimate the opportunity cost of taking this class. include direct expenditures such
Is income inequality as it exists in the United States at presentbeneficial to the market? Why or why not?
Usually we argue, to attain more of one alternative, we must sacrifice something else. Give two conditions that would allow for an increase in the production of the two goods identified in the chapter (HINT: Recall various positions on a PPC; review ..
Some people have suggested that forced population control is an efficient means of reducing the Tragedy of the Commons associated with our clean air and water resources. Provide an argument that would support this theory, and also an argument that..
If the price of a one bedroom apartment in Washington DC is currently $1000.00 per month is there a shortage or surplus of apartments if the equilibrium point is price $1100.00 and quantity of apartments is 100,000?
You can return any item at Home Depot within 90 days of purchase , no questions asked. This policy can hurt short-run profits. Does this mean Home Depot is not a profit maximizing firm? why?
i) Explain how this arrangement help to deal with the problem of moral hazard? ii) Explain how this arrangement help to deal with the problem of adverse selection?
Now the industry is confronted with government regulations to oversee the merger. Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers indicating the most likely impact to p..
a) Find the expected income for each person. b) Find the expected utilty for each person c) Show that if these to people trade income situations, both will be better off and explain why this makes sense.
The real growth in the output of the economy is +1.5%, inflation is 2.0%, what is the growth rate of money (the velocity of money is constant? What would happen if velocity was increasing by 1% What would make it increase?
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