Answer:
Price; marginal cost; cost minimizing; output; Cost of production or cost of inputs involved in production
Explanation:
In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.
The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.
The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.
A product that is in a high-growth market but has a low market share would be classified as a question mark on the Boston Consulting Group (BCG) matrix.
Question marks consume huge amounts of money but they do not generate a lot of cash.
Answer:
Option A. Establishing a code of ethics
Option B. Providing support for whistleblowers
Option D. Referring ethical dilemmas to an ethics committee
Explanation:
Professor Quinn had chosen all of the options except providing ethics tainings for the employees because every employee have minimum ethics knowledge.
Having code of ethics builds a sense of better dealings in a work environment. It also triggers a sense of ethical values that an oganization wants to promote among its employees.
Providing support for whistleblowers help in identifying potential threats and risks associated with human resource and company assets. It also help in enfocing ethical values which can't be compromised.
Referring ethical dilemmas to the Ethics Committee will enable resolving of conflicts within an organization on a timely basis.
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A. added
B. deducted
C. added
D. added
E. added
F. added
G. added
H. added
I. added
J. added
K. deducted
