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Think of a situation that tested your ethical behavior and answer the following questions. For example, maybe your best friend forgot about a term paper due the next day. He asked to copy a paper you wrote for another instructor. You decide to use this situation to answer the following question.
Explain briefly the ethical situation?
What are the all the different actions you could have taken?
What are the consequences of each of these actions?
What action would you choose now?
Provide detail. (a) Is my proposed action legal? (b) Is my proposed action balanced? (c) How will my proposed action make me feel about myself?
A physician's office expenses increase 10 percent so she decides to raise the price of office visits by that much. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice reven..
Based on your understanding of the gains from trade, do you think which these payoffs actually reflect a nation's welfare under the four possible outcomes.
Assume that an economy producing two products, skateboards also in-line skates, is initially in equilibrium also that skateboards also in-line skates are substitutes.
A nation whose interest rate is rising more rapidly than interest rates in other nations can expect the international value of its currency to appreciate.
Using marketplace equilibrium why do baseball players also CEOs make more money than your lowly Economics instructor.
Assuming that under cost controls rationing is as inefficient as possible while under the quota, the allocation is as inefficient as possible.
Suppose that a calculator company operates in a perfectly competitive marketplace producing 5,000 Calculators every day.
Illustrate what technologies are utilized. Describe the competitive environment within the industry. Is there a dominant firm.
During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set.
Do you believe that profit (or shareholders wealth) maximization still represents the best overall economic objective for today's corporations.
How would I compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
Assume there is a 50% chance of the savings account losing half your money. Elucidate how much does the person save now?
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