Answer:
The correct answer is a. utilitarian approach.
Explanation:
Utilitarianism is a theory founded at the end of the 18th century by Jeremy Bentham, which states that the best action is the one that produces the greatest utility for the greatest number of individuals involved, maximizes utility. Another philosopher who developed this concept was John Stuart Mill in his book "Utilitarianism" in 1863.
Part of the fact that every human being always acts, whether at the individual, collective, private, public level, as in political legislation, according to the principle of greatest happiness, in view of the benefit of the greatest number of individuals.
"Utility" is defined in several ways, generally in terms of the welfare of human beings. Bentham described it as the sum of all pleasure that results from an action, minus the suffering of any person involved in that action. In neoclassical economics, preference satisfaction is called utility while in moral philosophy, it is synonymous with happiness, whatever the way in which it is understood. This ethical doctrine is sometimes summarized as "the maximum welfare for the maximum number".
Based on the stay even analysis, it can be concluded that a 7% increase in price would lead to a decrease in the quantity demanded.
<h3>
How to explain the stay even analysis?</h3>
The stay even analysis %ΔQd = %ΔP/(%ΔP +margin) can be used to determine if a price increase of 7% would result in a decrease in quantity demanded that is less than the increase in quantity demanded.
The optimal prices by region are Southwest region $311; Upper West region $278; and Northeast $240. The stay even analysis for the Southwest region is as follows:
%ΔQd = %ΔP/(%ΔP +margin)
= 7%/7.5% = 93.33%.
This means that a 7% increase in price would result in a decrease in the quantity demanded.
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Answer:
d). 20,348.00
Explanation:
the full calculation is shown in the file attached
Answer: Carr should buy the equipment
Explanation:
Lease financing is a source of medium- and long-term financing whereby the owner of an asset gives the right to use an asset to another person, against periodical payments. Here, the owner of the asset is called the lessor and the person who uses the asset is called the lessee.
Based on the attached explanation, Carr should buy the equipment.
