5. Which of the following best describes morality?OIt is defined as the standards people use to judge what is right or wrong.good or evil.O It is the study of ethical values that are perceived in an organization.() It is defined as the tool used to measure the level of social integration present in society.O It is the study of moral standards and its effect on behavior and conduct.6. A category in Disruptive Technology that makes possible one or more new technologies,processes, or åpplications. *O CatalystsMorphersEnhancersEnablers

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Economics
2. Residents in a town are voting to decide where a new library will be built. The residents homes are on the same street and the "map" of the town is represented below. The letters represent the location of each house. The numbers represent distance in 100 meters (in other words, house 'a' is 100 meters from house 'b' and 1200 meters from house 'i'). Each house- hold would receive a utility of 12 if the library was built in front of that house; utility decreases by I unit as the distance to the library increases by 100 meters. Use the distance markers (the numbers) to indicate where the library should go according to the following aggregation methods: a b cde fg hi 012 34 5 67 8 9 10 11 12 (a) A simple majority vote? (b) A Rawlsian planner? (c) A standard utilitarian function?
5. Candace was eating French fries and talking on the phone as she sped through traffic on the way to an important meeting. When a delivery driver was slow to pull off from the stop light, Candace, who'd taken her eyes off the road to grab a few more fries, slammed into the back of his car. Which of the following could be used to characterize Candace's contribution to this accident? (Circle all that apply) a. Physical hazard b. Moral hazard Morale haard or Atitude Attitudinal (Morale) hazard (Slate of Nind d. Legal hazard-Semathing LeaGl happens ond rquire in suners с. to indde Covérage.
A corrective tax on pollution O a. sets the quantity of pollution. b. determines the demand for pollution rights. c. reduces the incentive for technological Innovations to further reduce pollution. d. sets the price of pollution. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Stuck on this practice problem any help will be appreciated
An outcome is efficient if Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. It is an equilibrium. a There is no way to help someone without hurting someone else. C No one was hurt as this outcome was achieved. d There is no way to hurt someone without helping someone else. e There is no way to help someone without helping someone else. f There is no way to hurt someone without hurting someone else.
1. Indicate which of the following describes a moral hazard problem and which describes adverse selection: a. A person with a terminal illness buys several life insurance policies via the internet. b. A person rides carelessly because he has motorcycle insurance. c. A person who intends to burn down his house takes out a large fire insurance policy. d. A woman who anticipates having a large family takes a job with a firm that offers exceptional childcare benefits.
10 What is informed consent in research? Select one: a. Involves deceiving research participants about the study their about to participate in so that the researcher can get better data. b. A process where a researcher must fully inform their research participants about their study (and all the risks and benefits) before they ask for permission to conduct a healthcare intervention. c. An information session about consent before being intimate. d. Information finding on a research topic
Answer the following: 3. What is meant by the term “other customers” and why is their influence so much greater for services compared to goods? 4. Why do consumers of service perceive higher levels of risk associated with their purchase compared to goods purchase. 5. What are the marketing challenges that arose as a result of the intangibility of services? Discuss in detail.
1. when consent is given, the individual is held to this concern even if here she did not fully understand what was being consented to. True or false
1. Ben and Jerry are two partners-in-crime, who have robbed a bank. Ben got caught and is questioned by the police. He has got three options: to stay silent, confess, or tell the police that it was Jerry. Jerry can either remain at home, go to the police and blame Ben, or kill Ben's dog and cat. Ben feels good about confessing if Jerry does not do anything against him and feels good going to the police otherwise. Jerry on the other hand would hate to kill Ben's dog and cat, but would indulge in the revenge if Ben went to the police. For Jerry it is bad if Ben goes to the police. Ben is the row player and Jerry is the column player. Jerry Home Police Kill Ben Silent (3,4) (-4,5) (-5,3) Confess (-2,5) (-3, 6) (-7,-5) Police (-3,-7) (-1,-6) (-4,-2) Find the Nash equilibrium in pure strategies when a. Ben and Jerry move at the same time, not knowing what the other does. b. Ben moves first, then Jerry can observe this and subsequently makes his choice. c. Jerry moves first, then Ben can…

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