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atroni [7]
3 years ago
6

Precision Engineering Inc., like other corporations, is subject to laws that are broad in their purpose and their scope. Complia

nce with these laws is not always sufficient to determine "right" behavior because
a. the law does not codify all ethical requirements.
b. company codes are also sources of law.
c. business decisions can have negative impacts.
d. ethical problems occur in business.
Business
1 answer:
anastassius [24]3 years ago
3 0

Answer:

a. the law does not codify all ethical requirements.

Explanation:

The laws tend to be general and not specific to every situation a company may face. Also, there are behaviors that are not ethically correct but that are not a crime and because of that they are not included in laws. Because of this, companies have internal policies were they are able to specify these situations to avoid this type of behaviors.

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aniked [119]

Answer:

The profit maximizing output for a monopolist is the output level where marginal cost is equal to marignal revenue.

Explanation:

Price  Q Demanded Marginal Revenue Marginal Cost

$76     100                 $76                         $25

71        200                  66                           68

66       300                  56                           56

61        400                  46                           82

56       500                  36                           76

51        600                  26                           48

Arranging the information in the chart above, we can see that for a quantity demanded of 300 units, and a price of $66, marginal revenue and marginal cost are exactly the same, $56.

Thus, the profit-maximizing level of output is 300 units.

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