Laws are put in place by an existing form of government, in the United States, a democracy, which means that the majority of representatives elected by the majority of the people compose the laws. Ethics are more of a moral dilemma, and often contribute to lawmakers decision. It's the idea of what is best (laws) vs. what is right (ethics).
Answer:
The solution to the given problem is done below.
Explanation:
(a) How much peanut butter and jelly will David buy with his $3 allowance in a week?
According to the given problem, David likes 2 ounces of peanut butter for every 1 ounce of jelly,
2Pb = J and the budget constraint is .05pb+.1j = 3.
By using substitution.
David will buy Pb = 30 ounces, J = 15 ounces.
30(0.05) + 15 (0.10) = 3
(b) Suppose the price of jelly were to rise to $0.15 an ounce. How much of each commodity would be bought?
If pj = $0.15,
24(0.05) + 12(0.15) = 3
Substitution now yields J = 12 ounces, Pb = 24 ounces.
The 3 major functions are operating, financing and managing a business organisation
When producers intentionally or unintentionally pass some of the costs of production onto the community, the good is over-allocated, causing negative externalities to occur.
<h3>What does negative externality mean?</h3>
Negative externality means that the cost of production is greater than the benefits to third parties not involved in production of the goods or services. Goods that generate negative externality are overproduced. An example of an activity that generates negative externality is pollution.
Activities that generate negative externality can be taxed. This would increase the cost of production and discourage overproduction.
To learn more about externalities, please check: brainly.com/question/26266710
Answer:
$400 every 6 months.
Explanation:
Step wise solution is given.
