Increase in quantity demanded discount price value
Answer:
See below.
Explanation:
Paying rent is a need while buying a new video game is a want. This is an example of opportunity cost.
One
kind of market failure arises because there are situations when it is
impossible to charge the customer for the service, for example if someone
arranges an air show or fireworks, this can be seen from a far place as well as
seen by paying for the event making it impossible to limit this for only those
who pay for that. This is one kind of failure which is non-excludable (You cannot
exclude those watching from far) and non-rival (One person’s watching does not
limit other one’s sight).
Second
kind is the presence of externality. It arises when the cost or benefits accrue
to someone other than the buyer and seller. For example cigarette is affecting
the third party by making the environment pollute.
Both
can happen simultaneously. For example a firework show keeps both attributes of
first kind and the second kind as well.
Answer:
Here are a couple of ways to exhibit ethical conduct
Explanation:
Define and align your values
Care for yourself so you are able to care for others.
Promote open communication
Beware of bias
Hire people with similar values
Hope this helps!
What ethical conduct is: Ethical behaviour is characterized by honesty, fairness and equity in interpersonal, professional and academic relationships and in research and scholarly activities. Ethical behaviour respects the dignity, diversity and rights of individuals and groups of people.
