Time left 0:59:25Ahmed is the owner of Muscat Tech, a startup located in Al-Khoudh. He decided to pay his employees at differentbonus levels based on the contribution their work effort makes to the company's profitability. Which of the followingethical frameworks did Ahmed follow?O a. The utilitarian approachO b. The right approachO c. The fairness approachO d. The equality approachNEXT PAGEAGE Time left 0:59:16A colleague at work takes small amounts of IT supplies such as flash drive for her own personal use, saying that this isa tiny loss to the company. You tell her that if everyone were to take office supplies, then the loss would no longer beminimal. Your rationale expresses which of the following ethical issues:O a. Property issuesO b. Accessibility issuesO c. Accuracy issuesO d. Privacy issuesNEXT PAGEUS PAGE

An IT manager draws flash drive for his personal use and argues that this is the tiny loss for a…

Ahmed is the owner of Muscat Tech, a startup located in AlI-Khoudh. He decided to pay his employees at different bonus levels based on the contribution their work effort makes to the company's profitability. Which of the following ethical frameworks did Ahmed follow? O a. The utilitarian approach O b. The right approach O c. The fairness approach O d. The equality approach

Ahmed is the owner of Muscat Tech, a startup located in AlI-Khoudh. He decided to pay his employees at different bonus levels based on the contribution their work effort makes to the company's profitability. Which of the following ethical frameworks did Ahmed follow? O a. The utilitarian approach O b. The right approach O c. The fairness approach O d. The equality approach

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 9SCQ: The rows in Table 12.7 show three market-oriented tools for reducing pollution. The columns of the...

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Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.) Using the information in Table 12.8, calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Production, Costs and Industry Structure if you need a refresher on how to calculate marginal costs. What is the optimal level of sewage for this city? Why not just pass a law that films can emit zero sewage? After all, the total benefits of zero emissions exceed the total costs.
Consider the case of global environmental problems that spill across international borders as a prisoners dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries, A and B. Each country can cheese whether to protect the environment, at a cost of 10, or not to protect it, at a cost of zero. If one country decides to protect the environment, there is a benefit of 16, but the benefit is divided equally between the two countries. If both countries decide to protect the environment, there is a benefit of 32, which is divided equally between the two centuries. In Table 12.10, fill in the costs, benefits, and total payoffs to the countries of the following decisions. Explain why, without some international agreement, they are likely to end up with neither country acting to protect the environment.
In a market without environmental regulations, will the supply curve for a film account for private costs, external costs, both, or neither? Explain.
Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermined technologies. In the second approach, the U.S. government determines which technologies are cleaner and subsidizes their use. Of the two approaches, which is the command-and-control policy?
The rows in Table 12.7 show three market-oriented tools for reducing pollution. The columns of the table show three complaints about command-and-control regulation. Fill in the table by stating briefly how each market-oriented tool addresses each of the three concerns.
Computer models of global climate changecaused by increasing carbon dioxide in the atmosphere predictnot only higher overall temperatures, but also more intense andfrequent heat waves. During the devastating European heatwave in the summer of 2003, between 35,000 and 52,000“excess deaths” occurred. Before taking specific actions toreduce carbon dioxide emissions, economists and politicians tryto estimate the costs. Should excess deaths be included as acost of inaction? If so, what value should we place on a life?
I live next door to an insomniac who plays jazz music every weekendlate at night. It is loud enough to keep me awake, but not loudenough to exceed the legal limit on noise pollution. Using Coasianbargaining I couldSelect one:a. Invest in soundproofing out of my own pocketb. Pay my neighbour not to play music at such timesc. Ask my neighbour to pay me to stay elsewhere at theweekendsd. Seek legal redress Please tell me which awnser is correct for this question thank you
A company near a large city is required to keep its smokestack pollution to new lower levels, costing the company $2 million in additional equipment (which will last at least 10 years) and $100,000 a year in additional labor. Lowering the air pollutants in the region is expected to save $4 million in medical expenses in the affected region over the next 10 years. What level of pollution reduction gives the smallest benefit for money spent? Select one: a. From 1-20% of pollution reduction b. From a 20-40% pollution reduction c. From a 80-100% pollution reduction d. From a 60-80% pollution reduction
1.Explain specifictly how to overcome and solve the major problem of Mcdonal's company from polluting the water? 2. Explain specifictly how to stop the staff from throwing unethically waste inside the water? 3. Explain what the company will do if the staff still throwing unethically waste in the water?
Under some conditions, command-and-control pollution standards could be just as good as a cap-and-trade program at bringing about a cost-effective allocation of total abatement responsibility across firms. Furthermore, the regulator could save the cost of running a cap-and-trade program. When would this most likely be the case? a.) If firms have very different technologies, are varying sizes, and there is a mix of older and newer plants, so it is safe to assume that the firms probably have very different marginal abatement cost curves. b.) If all firms have the same types of technologies, are about the same size, and have been in production for approximately the same length of time, so it is safe to assume that each firm’s abatement costs are similar, and the regulator can issue a one-size-fits-all standard. c.) If the regulator gathers detailed information about the technologies employed by every firm so it can figure out each firm’s marginal abatement cost curve. The…
TC TB 16 MG Current Current 12 MG 50 800 8 MG 150 1300 4 MG 500 1850 0 MG 1200 2000 A city currently emits 16 million gallons (MG) of raw sewage into a lake that is beside the city. The above table shows the total costs (TC) in thousands of dollars of cleaning up the sewage to different levels, together with the total benefits (TB) of doing so. Benefits include environmental, recreational, health, and industrial benefits. a. Using the table, calculate the marginal cost and marginal benefits of reducing sewage emissions for the city. b. What is the optimal level of sewage for the city? How can you tell?
1. Andy lives in an apartment next to Bob. Bob plays loud music, which reduces Andy's enjoyment of the apartment. With no noise, Andy gets $1000 in value from the apart- ment. With noise, Andy gets value of $500. Bob gets $1000 in value from playing his music. He can play quietly so that Andy is undisturbed, but that reduces his valuation by $1300 (so total value -$300). Bob's other option is to stop making playing music entirely. Alternatively, Andy can buy headphones which block out the noise, at a cost of $200. There are thus four possible outcomes 1. Bob plays music loudly, Andy does nothing 2. Bob plays music quietly 3. Bob plays no music at all 4. Bob plays music loudly, Andy gets headphones Consider the following questions: (c) Suppose instead that we are under a damages rule. What will be the outcome? (d) Now suppose that we are back under the property rule, but transaction costs are zero. What will be the outcome (which of (I)-(IV)), and how do you know? (e) What…