Answer:
1. True
Explanation:
Marginal rate of substitution is quantity of good which a consumer will need to have in order to leave another good. The MRS equals to Px/Py. This will decrease when the demand curve decreases.
Answer:
The bureaucratic control system
Explanation:
bureaucratic control system can be regarded as a formal system of control that are been used in the accessment of the performance of employee in an organization. It involves the using of rules, records as well as rewards to influence , hierarchy of authority and written documentation in the performance accessment.It should be noted that bureaucratic control system involves Influencing behavior through norms and expectations set by the organization’s culture.
Answer:
Producers experience lower costs than society
Explanation:
In the case when the market excess produce the goods that contains the external cost so it should be because of producers would have less cost as compared to the society that means the private equilibrium cost should be less than the social equilibrium cost
So as per the given situation, the above statement should be true
Answer:
Righteous moralism.
Explanation:
There are several approaches to business ethics including Utilitarian, Kantian, Rights theories, Justice Theories and Straw men.
Straw men approaches are raised by business ethics scholars primarily for the purpose of demonstrating that they offer inappropriate guidelines for ethical decision making in a multinational enterprise.Ppropuse these doctrines:
-the Friedman doctrine.
-cultural relativism.
-the naïve immoralist.
-the righteous moralist.
<em>MNC’s home-country standards of ethics are the appropriate ones for companies to follow in foreign countries . Examples: American bank manager in Italy – U.S. laws set down strict guidelines regarding minimum wage and working Conditions. Should US MNCs apply the same in a foreign country? It will nullify the reason for investing in that country.</em>
Answer:
heuristics
Explanation:
A heuristic approach to problem solving employs a practical method, or rule of thumb, that is not optimal nor it tries to guarantee perfection, but is sufficiently good to serve for practical purposes specially when time is limited.
Micah's approach may not guarantee that the people that he chooses will be the adequate ones, but he considers his method to be close enough to a correct solution and it is also very simple and easy to carry out.