Answer:
1. Identify stakeholder's decisions - <u><em>Consider</em></u>
The first step is to identify what the decisions to be made are.
2. Judge the ethics of strategic decisions - <u><em>Know</em></u>
After finding out the decisions, find out what ethical considerations relate to these decisions.
3. Establish moral intent - <u><em>Decide</em></u>
Then decide on which decision to take based on what the ethical considerations were as well as the values of the company.
4. Engage in ethical behavior - <u><em>Act</em></u>
Take the decision that you decided from the last step.
5. Audit decisions - <u><em>Ask</em></u>
As always there has to be an evaluation. Keep checking how the decision is working out to see if it was the right one.
If a $1,000 increase in income leads to an $800 increase in consumption expenditures, then marginal propensity to consume is 0.8.
Given that a $1,000 increase in income leads to an $800 increase in consumption expenditures.
We are required to find the marginal propensity to consume.
Marginal propensity to consume is the ratio of increase in consumption and the increase in income. It is also known as MPC.
MPC=ΔC/ΔI
ΔC=Change in consumption
ΔI= Change in income.
MPC=800/1000
=0.8
Hence if a $1,000 increase in income leads to an $800 increase in consumption expenditures, then marginal propensity to consume is 0.8.
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Answer:
$12,250
Explanation:
The profit-maximizing output is at MC = MR
We are given with Marginal Cost we need to find Marginal Revenue
MR = additional revenue for an additional unit
P = 150 – 0.25Q
Q = (150 - P)/0.25 = 600 - 4P
Total Revenue= P x Q = (150 - 0.25Q)Q
TR = 150Q-0.25Q^2
MR = will be the slope of the total revenue function:
dTR/dQ -0.5Q + 150
Now we equalize MR and MC
-0.5Q + 150 = 10 + 0.5Q
Q = 140
P when Q = 140
P = 150 - 0.25 Q = 150 - 0.25(140) = 150 - 35 = 115
Producer surplus:(using marginal cost)
(P(140) - P(0)) x Q140
(80 - 10 ) x 140 = 9,800
Consumer surplus:
(P0 - Pm ) x Qm /2
(150 - 115) x 140 / 2 = 2.450
Total Surplus: 9,800 + 2,450 = 12,250
Answer:
<em>Explained below.</em>
Explanation:
<em>According to the current rules of the WTO(which is also known as World Trade Organization) and as well as GATT(which is known as The General Agreement on Tariffs and Trade),</em> the United States effort is been allowed as long as the subsidies(which is also known as government incentive) do not involve a direct payment to the industry.
Answer:
c. produces a higher quality of life.
Explanation:
Maximizing this number produces a higher quality of life for the individual in question. This is because allowing the individual to be free of chronic illness drastically reduces stress. This new stress-free life helps the individual live to their fullest potential and become happier, which are all factors that contribute and increase that individual's quality of life.