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Vikki [24]
3 years ago
13

Stephen owns a chemical plant. He is glad that his primary stakeholders are satisfied with the company's growth. However, he is

concerned about pleasing the secondary stakeholders. How can he ensure the welfare of secondary stakeholders?
Business
1 answer:
Lelechka [254]3 years ago
3 0

Answer: D. use a manufacturing process that is compliant with all state and federal regulations.

Explanation:

The options to the question are:

a. pay less taxes

b. substitute the existing labor power with machines

c. double the output of the manufacturing process by asking workers to work overtime

d. use a manufacturing process that is compliant with all state and federal regulations

e. organize picnics for employees

Since Stephen wants to ensure the welfare of secondary stakeholders, he should use a manufacturing process that is compliant with all state and federal regulations

The secondary stakeholders are the individuals or entities that the company doesn't have direct economic transactions with e.g. the government, environmental groups, media etc.

Therefore, to please the secondary stakeholders, he must abide to the necessary rules and regulations.

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Suppose that preferences over private consumption C and public goods G are such that these two goods are perfect substitutes, th
Temka [501]

Answer:

Please see explanation below.

Explanation:

Public goods are goods consumed collectively, they are provided for all members of a community,

no one can be excluded from their consumption. The consumption by one person does not decrease the consumption possibilities for others. Public goods are available for everybody without paying, and these goods cannot be rationed: they are either provided for the whole community, or for no one. Examples of public goods include the public lighting system, public roads, radio broadcasts, national defence, lighthouses, town pavements, etc.

Private goods, on the other hand, are goods consumed individually, and if a unit has been consumed by

someone, then no one else can also consume the same unit. Private goods are scarcely available, and consuming a unit will decrease the amount available for further consumption. Therefore consumers compete for private goods, i.e. private goods are rival in consumption. Consumers can consume them if they pay the price, non-payers are excluded from consumption.

In the first scenario, given that both the private good and public good are perfect substitutes, the optimum quantity produced by the government is at the point where marginal social cost is equal to the marginal social benefit. This optimum output is lower than that of the private firm because the price of public good is higher than price of private good (since marginal social cost > marginal private cost).

If b increases, that means consumers are willing to give up more units of public goods for one unit of the private good. Therefore, the quantity produced by the government will reduce.

For the second part of the question: C = aG, where a > 0.

This implies that equal or more units of the private good is consumed with a particular units of public good. The optimum output still remain at the point where marginal social cost is equal to marginal social benefit but this output level is lower than if the two goods were to be perfect substitutes.

7 0
3 years ago
"Using the given information, determine the cost of one no rechargeable alkaline battery; and compare with the cost of one recha
sergij07 [2.7K]

Answer:

Over the life of the battery, the battery that is most cost-effective is:

The AA alkaline non rechargeable battery.

Explanation:

a) Data and Calculations:

Number of times that NiCad batteries can be recharged (reused) = 100 times

Cost of a 4 pack of AA NiCad rechargeable batteries = $10.80

Recharging cost = $1 ($0.01 * 100)

Total cost of AA NiCad rechargeable batteries = $11.80

Cost per use = $0.12 ($11.80/100)

Cost of a 4 pack of AA alkaline non rechargeable batteries = $3.69

Cost per use of AA alkaline non rechargeable batteries = $0.04 ($3.69/100)

b) The comparison and the resulting conclusions are based on the assumption that the non rechargeable and the rechargeable batteries enjoy equal useful life.  Therefore, the AA alkaline non rechargeable batteries are also used 100 times.

7 0
3 years ago
Imagine the economy is defined by the consumption function of C = 140 + 0.9 (Yd) where 140 is autonomous consumption, 0.9 is mar
polet [3.4K]

Answer:

1. Y = 3730

2. Consumption function

Explanation:

1. Given that,

C = 140 + 0.9 (Yd)

T = 0.3Y

Yd=Y-T

I = 400, G = 800, X = 600, M = 0.15Y

Y = C + I + G + (X - M)

Y = 140 + 0.9 (Y - 0.3Y) + 400 + 800 + (600 - 0.15Y)

Y = 140 + 0.9 Y - 0.27Y + 1,800 - 0.15Y

Y = 1,940 + 0.48Y

Y - 0.48Y = 1,940

0.52Y = 1,940

Y = 3,730.76 or 3,730

2. C = 210 + 0.8 (Yd) is a consumption function.

5 0
2 years ago
Bill’s Surf Shop needs to advertise. Which option provides the largest frequency? a. direct mail b. TV c. the Web d. billboards
ad-work [718]

Answer:

TV (television)

Explanation:

Advertising frequency is defined as the number of time an advert is viewed by individuals once it come online.

The higher the number of times a user is exposed to an advert in a given time frame the higher the advertising frequency.

Normally it take exposure of 5 times and above for an advertisement to be effective.

Bill’s Surf Shop will have more advertising frequency on television because all categories of customers watch the television. Including children, teenagers, middle aged, and older people.

The other mediums will attract less people. Direct mail is only for those with emails, the web is for technologically savvy clients, and billboards only for those that view them in their location.

Television gives a larger audience.

3 0
3 years ago
How does the pension fund act as an investor?
just olya [345]

answers:

1. Return

2. An investment report for potential investors

3. It is guaranteed by the federal government

4. A device for pooling the savings of many investors and investing it in a variety of ways

5. The company uses money collected from the employees as a fund to finance the company

7 0
3 years ago
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