Economics Answers

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: (250 words)

Read the case to answer the following questions:

Case: The Ford Pinto | Business Ethics (uncg.edu)

Suppose you are trying to determine whether to go ahead with the existing Pinto design or to delay production and redesign. Taking a shareholder approach (Friedman), what action should you take given the information you have at the time of the decision and why? Taking a stakeholder approach (Freeman), what action should you take, and why?

Word Limit: (Not less than 430 words)

Explain the causes of the marginal rate of substitution (MRS) if good is perfect substitutes and perfect complements. 

Should an economics model describe reality exactly

Explain the causes of the marginal rate of substitution (MRS) if good is perfect substitutes and perfect complements.

In a supply demand diagram, show how a tax on buyers of luxury cars affects the

market. Clearly show the incidence of tax on buyers and sellers. Should the

Government impose such a tax? Why or Why not?

When demand and supply change in the same direction we can unambiguously

say how the equilibrium price and quantity change. Explain using diagrams

whether the statement is true or false.

Farmer McDonald gives banjo lessons for $20 an hour. One day, he spends 10 hours planting $100 worth of seeds on his farm. What opportunity cost has he incurred? What cost would his accountant measure? If these seeds yield $200 worth of crops, does McDonald earn an accounting profit? Does he earn an economic profit?

What is not a macroeconomic indicator?

With aid of graph what impact of more South Africans spend their holidays in the United States world be on Rands or Dollars exchange rate centers Paribas