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Artyom0805 [142]
3 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]3 years ago
8 0

Answer:

1-b

2-d

3-a

4-d

5-a

Explanation:

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When workers are able to augment their stock of human capital, they can expect to?
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(receive higher wages that reflect an increase in their value of marginal product.)

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A(n) is a document used to present one's background,skill sets,and accomplishments
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Explanation:

A resume is a document used to present one's background,skill sets,and accomplishments used in job searches.

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According to the law of increasing opportunity cost, as a society _________ more and more of a certain good, further production
Effectus [21]

Answer:

produces  

increases

trade-offs

Explanation:

The law of increasing opportunity cost states that when firms decide to make additional units of a certain product by reallocating resources, they do that at a higher opportunity cost than the previous production. The major traceable reason for this is inefficiency in resource reallocation.

This increase in opportunity cost is associated with increasing and increasing trade-off.

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2 years ago
One of the more important business applications of demand elasticity is the relationship between price and total revenue. For ea
user100 [1]

Answer:

Part 1.  inelastic.

Part 2. inelastic.

Part 3. inelastic.

Explanation:

When the coefficient of elasticity of demand is less than 1, demand is inelastic, when it is equal to 1, demand is unitary elastic, when it is greater than 1, demand is elastic, and when it is equal to zero demand is perfectly inelastic.

Part 1

Price Elasticity of demand =  (dQ/dP) x P/Q

  Where : dQ = Change in Quantity

               dP = Change in Price

                 P = Initial or Old price

                 Q = Initial of Old Quantity

               dQ = $35,000 - $40,000 = - $5,000

                dP = $10 - $8 = $2

                  P = $8  

                  Q = $40,000  

Price Elasticity of demand = (-$5,000/$2) * $8/ $40,000

                       = 2,500 * 1/5000 = -0.5

Disregard the minus sign,  since elasticity of demand is less than 1, demand is inelastic.

Part 2

Price Elasticity of demand =  (dQ/dP) x P/Q

                dQ = $1,800 - $2,000 = - $200

                dP = $50 - $40  = $10

                  P = $40

                  Q = $2,000  

Price Elasticity of demand = (-$200/$10) * $40/ $2,000

                       = 20 * 0.02 = -0.4

Disregard the minus sign,  since elasticity of demand is less than 1, demand is inelastic.

Part 3

Price Elasticity of demand =  (dQ/dP) x P/Q

                dQ = $120 - $150 = - $30

                dP = $5 - $4  = $1

                  P = $4

                  Q = $150

Price Elasticity of demand = (-$30/$1) * $4/ $150

                       = 30 * 2/75 = - 0.8

Disregard the minus sign  since elasticity of demand is less than 1, demand is inelastic.

5 0
3 years ago
Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current
Arisa [49]

Answer:

a. $293,000

b. $203,000

Explanation:

a. What is Robert's qualified business income?

Robert's qualified business income is the net income minus Robert's salary. Since the salary of $87,900 has already been deducted, $293,000 is Robert's qualified business income.

b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?

Extra deductible salary = $177,900 - $87,900 = $90,000

New Robert's qualified business income = $293,000 - $90,000 = $203,000

3 0
3 years ago
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