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Artyom0805 [142]
4 years ago
9

Read Case Study 5:2 Gas or Grouse? in Chapter 5 of your textbook Business Ethics Concepts & Cases (8th Edition) by Manuel G.

Velasquez and select the best answer for multiple choice questions below.
1. the spending bill was:
a. not necessary for the adjudication of Gas
b. passed by a largely republican congress
c. one of the most important milestones for emissions in the last century
d. the nickname of a politician that overspent funds by the name of William

2. BLM argued that:
a. it is important to treat everybody with respect
b. not everybody deserves an opportunity
c. gas emissions are important inter-globally
d. a significant decline in deer was a cause of action

3. The directional technology to drill was between:
a.$400,000 - $600,000
b. democrats and republicans
c. scientists and physicists
d. the period of 2008-2013

4. Grouse could be affected by:
a. folic acid in the air
b. excavation for silver and coal
c. overpopulation of Grouse
d. things that attract ravens

5. A decline in number of birds resulted because of
a. destruction of grounds for mating
b. 80% of nesting was destroyed
c. poor government internal controls
d. necessary bird control
Business
1 answer:
wolverine [178]4 years ago
8 0

Answer:

1-b

2-d

3-a

4-d

5-a

Explanation:

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The own price elasticity of Anne’s apple pies is 5.
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Option "B" is the correct answer to the following question.

Explanation:

Given:

Price elasticity of Anne’s apple pies = 5

Aggregate market price elasticity = 1.25

Anne’s apple pies have an approximate market share = ?

Computation of Anne’s apple pies have an approximate market share:

Anne’s apple pies have an approximate market share = (Aggregate market price elasticity / Price elasticity of Anne’s apple pies) × 100

Anne’s apple pies have an approximate market share = (1.25 / 5) × 100

Anne’s apple pies have an approximate market share = (0.25) × 100

Anne’s apple pies have an approximate market share = 25%

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An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.

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