Economics of Enterprise Answers

According to Milton Friedman, “Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.” Explain why you agree or disagree with such a statement.

According to Milton Friedman, “Business has only one social responsibility – to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible.” Explain why you agree or disagree with such a statement.

John intends to invest a certain sum of money today in order to earn a return of $6 000 in five years time. how much should john invest today at the interest rate of 7%, compounded annually? would you advise john to proceed with the transction or not? kindly motivate your position.

5. A small firm traps rabbits for their fur and feet. Each rabbit yields one pelt and two feet (only the hind feet are suitable for the "lucky rabbit's feet"). The demand for pelts is:
PP = 2.00 - 0.001QP

and the demand for rabbit's feet is given by:

PF = 1.60 - 0.001QF

The marginal cost of trapping and processing each rabbit is $0.60.

a. What are the profit-maximizing prices and quantities of pelts and rabbit's feet?

b. If the demand for rabbit's feet is PF = 1.00 - 0.001QF, how do your answers change? Explain.

write a c++ program to display "Hello Computer" on the screen.

(b) Is the change in asset life unethical, or is it simply a good business practice by an astute
president?

answer the following question with regard to the investment theory: a fixed term investment plan will release an amount of $20000 in favor of john in 4 years when he turns 19 and would be ready for enrollment for tertiary studies at a university. naturally, he is curious to know as to what the present value of that amount is. if the discount rate is 7%, kindly assist john to find out what the present value of the $20000 is.

answer the following question with regard to the investment theory: John intends to invest a certain sum of money today in order to earn a return of $6000 in 5 years time. how much should john invest today at the interest rate of 7%, compounded annually? would you advise john to proceed with the transaction or not? kindly motivate your position.