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CASE: BUYING A CALCULATOR As a student you are on a very limited personal budget, but your research group has a very large budget for supplies. Next semester you will be taking a course in which a calculator with graphics capabilities will be required. These calculators are quite expensive, and it will be difficult for you to find that much extra money in your budget. While discussing your problem over lunch, a fellow student suggests that you charge the calculator to your advisor’s research grant: “Dr. Morgan will never notice such a small amount of money. We spend that much on solvents every week in this group. Besides, you probably will also use it in your research will from time to time.
Answer each in paragraph
1. What are the ethical issues raised in this case?
2. Who will be affected by your decision?
3. What moral principles should you use to decide on a proper course of action?
4. What course of action is best? And how do you decide which is best?
What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?
International trade has pros and cons. Economists generally supports free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favour o..
Show and compute the following (don’t use Key Ratios precomputed from the site). Compute the ratios using the methods described in this class (which may not always give you the same number as shown in Key Ratios). Note that sales = Total Revenue, and..
A man buys a corporate bond from a bond brokerage house for $925. The bond has a face value of $1000 and pays 4% of its face value each year. I f the bond will be paid off in at the end of 10 years , what rate of return will the man receive?
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
Illustrate what is the level of consumption at the equilibrium level of income.
What would be the effective rate of protection on bicycles in China if China places a 50 percent tariff on bicycles, which have a world price of $200, and no tariff on bike components, which together have a world price of $100?
Think about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. By what methods are your households scarce resources allocated? Identify those allocated by the market price; by command; by first-co..
Identify ethical perspectives in the global organization.
Elucidate the difference among nominal and real variables and give tow examples of each. According to the principle of monetary neutrality, which variables are affected by changes in the quantity of money.
q.analyze the various ways in which property rights encourage economic development and make at least one recommendation
In December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (His deposit weighed over 48,000 pounds!) With a reserve requirement of 12.5 percent, what will be the cumulative change for the bank..
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