In Keeping with Its Business Mission,Ben & Jerry's Has

question 99

Multiple Choice

In keeping with its business mission,Ben & Jerry's has

• A)opened new Benjamin and Jerald's franchises that provide nut- and dairy-free alternatives for those with intolerance or allergy issues.
• B)created social entrepreneurship programs to help nonprofit organizations give jobs to at-risk youth.
• C)invested in research to create genetically engineered cows that will produce more hypoallergenic milk.
• D)limited its advertising to nonprint media.
• E)packaged its next line of bulk ice cream in glass containers that not only keep the ice cream colder,but are recyclable as well.

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Definitions:

Marginal Cost

An elevation in the cumulative expense resulting from manufacturing one more unit of a product or service.

Deadweight Loss

A decrease in economic efficiency resulting from the failure to reach equilibrium in the market for a good or service.

Monopolies

Market structures characterized by a single seller who controls the market supply of a good or service and can influence the price.

Efficiency

The optimal allocation of resources to maximize desired outputs without wasting any input.