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Complete the answers to the six questions at the end of Case 26, “The BP Oil Spill and Mental Health”, pp. 687-688.
1. What are the ethical issues in this case?
2. Who are the stakeholders and how are they impacted by this situation?
3. Do you agree with Feinberg’s assertion that “you have to draw the line somewhere?”
4. Do you agree with Feinberg’s decision rule? His expectation is that there be a signature physical injury is consistent with tort law. Does that affect your answer?
5. Feinberg does not have jurisdiction over claims with states and municipalities. Do you believe his assessment of the place of mental health damages must apply to their claims as well?
6. If you were responsible for determining the validity of claims, what would you do? How would you describe your reasoning? What ethical principles or concepts would guide your thinking?
imagine that you have a fixed 30-year interest rate for your mortgage and the economy has experienced unanticipated
Explain how either the Newhouse model or the Physician Workshop model could explain why hospitals might inefficiently over-invest in expensive, new technologies. What drives excessive technology investments in each model
question 1. how does a company in perfect competition choose the capital k and labour l requirements in the long-run?
thinking about modifications in the model again go back to the original model again but add a marginal propensity to
Orange juice and apple juice are known to be perfect substitutes. Draw the appropriate price-consumption curve (for a variable price of orange juice) and income-consumption curve.
Draw an Edgeworth box with B's consumption measured from the upper right- hand corner of the box. On this diagram, mark the initial endowment, and label it e. Use red ink to draw A's indifference curve that passes through her initial endowment...
prepare a paper that describes the basic features and consequences of the industrial revolution. explain the ways that
Determine the optimum prices and outputs for both Airbus and Boeing if they decide to proceed individually without collaborating in the development of the VLCT.
Describe the difference between short run and long run as they are used in economics. Differentiate between Economics of scale and Diseconomies of scale.
consider a firm in a perfectly competitive industry. the firm has just built a plant that cost 25000. each unit of
Integrating Problem From the following figure referring to a natural monopolist, indicate(a) the best level of output, price, and profits per unit and in total for the monopolist,(b) the best level of output and price with a lump sum tax that would ..
Describe what happens to the economy when interest rates are lowered and the economy is at near-full employment using (The Aggregate Demand-Aggregate Supply Model) The end of your discussion should state the final effects
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