Answer:
Entitlement and custom rather than on ethical behaviour.
Explanation:
Employers have a moral duty to look out for the well being of employees. It is not a question only of fair pay and suitable working conditions, there should be a real and long lasting concern for the welfare of employees.
The importance of connecting pay to performance is a suitable topic when discussing ethics. A lot of companies do not link pay to ethical behavior but pay is based on entitlement and custom.
Answer:
Correct option is B.
The net benefit of the activity you would have chosen if you had not taken the course
Explanation:
Your opportunity cost of taking this course is <u>the net benefit of the activity you would have chosen if you had not taken the course
</u>
Opportunity cost is what you must sacrifice when you choose an activity. By taking this course, you are sacrificing the benefit you could have obtained from the activity you would have chosen if you had not taken the course.
The plant as increased its production:
As it can make more than before, this means also that the plant is more efficient.
Hope this helps
Answer:
The answer is option A) The short run recommendation for a monopolistic firm is to remain at the current output level
Explanation:
In the short run, monopolistic firms could record losses but still continue to run in anticipation of a sustainable profit in the long run.
A self-employed profit-maximizing consultant specializing in monopolies understands that the short run losses experienced in a monopoly is also an advantage in that it reduces the participation of more players in the same industry/ market segment.
The best recommendation would be to remain at the current output level during the short run to cut losses, sustain patronage and then develop a long term strategy that will guarantee profitability in the long run.
