Practical approach is more suitable to Cody Russell in the ethical decision. As in practical approach is more of the knowledge rather than the emotion or utilitarian.
<h3>What is the
difference between the practical approach and utilitarian approach?</h3>
Practical approach is application of the experience and the things which are happened in life, it concentrates on the practice rather than theories.
Utilitarian approach evaluates a course of action in terms of its effects or outcomes, it is the individual deciding for their own utility.
Thus, Practical approach is more suitable to Cody Russell in the ethical decision.
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Answer: See explanation
Explanation:
a. Calculate the productivity for navy and army contracts in units produced per labor hour.
Based on the information given, for the navy contract, the total man hours to make 3380 devices will be:
= 34 × 40 × 2
= 2720 hours
Therefore, the devices per man hour will be:
= 3380/2720
= 1.24 devices per labor hour.
For the army contract, the total man hours to make 7480 devices will be:
= 44 × 40 × 2
= 3520 hours
Therefore, the devices per labor hour will be:
= 7480/3520
= 2.125 devices per labor hour
b. On which contract were the workers more productive?
The workers were more productive on the Army contract as they produced more devices per labor hour.
Answer:
A study reported in the May 17, 2012 issue of The New England Journal of Medicine followed people for an average of 13 years and found that people who consumed two or more cups of coffee a day were less likely to die during the course of the study than those who drank no coffee.
Was this study a randomized experiment or an observational study?
The above study is randomized experiment
Based on this study, can it be concluded that drinking coffee causes people to live longer?
Yes, due to the inference from the research study above. it could be deduced that coffee enhances or improves life span than people without taking coffee as it was established during the 13 years of the research
Explanation:
Answer:
Market failure.
Explanation:
In this scenario, the port became so congested such that ships now have to wait hours queing every day just to dock. The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. This is an example of market failure.
A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet demand.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market. Thus, the demand of the consumer of these goods and services are not being met with the level of supply (output) required i.e the forces of demand and supply are not efficient in producing the level of output required by the economy.
Some of the causes of market failure are imperfect information, monopoly, oligopoly, externalities etc.
Answer:
Answer is given below.
Explanation:
The given graph shows the demand and supply curves.
At the price of $3.50, we can see that the demand will be less than 3 units, which means, that the demand will be only 2 units.