If It Costs View Your World, a High- End Window

question 60

Multiple Choice

If it costs View Your World, a high- end window manufacturer, $25 per window to install a higher quality glass in its windows and consumers will pay an additional $30 per window for the improvement, which of the following is true?

• A)View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.
• B)View Your World should not install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost.
• C)View Your World should install the higher quality glass because the marginal revenue from the quality enhancement is less than the marginal cost.
• D)View Your World should install the higher quality glass because the marginal revenue from the quality enhancement exceeds the marginal cost.

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Definitions:

Doing Personal Favours

Acts of helping out individuals, usually without expectation of return, that can build relationships in both personal and professional contexts.

Overlooking Wrongdoings

The act of ignoring or failing to address unethical or improper behavior within an organization or group.

Formal Codes

Formal codes are established guidelines or systems of rules, often written, that dictate the expected conduct or procedures within an organization or community.

Ethics

Principals that define right and wrong behavior in conducting one’s personal and professional life.