If the Engineer in the Volkswagen Scenario Is Following an Egoist

question 87

Multiple Choice

If the engineer in the Volkswagen scenario is following an egoist ethical theory, what question would be most important to ask about the possible action options?

• A) "Which option will bring the most benefit to stakeholders?"
• B) "Which option will cause the most harm to my social group?"
• C) "Which option will be most likely to get the company caught and punished?"
• D) "Which option will benefit me the most?"

Understand the impact of cost changes on firms' economic profit in a perfect competition model in both short and long run.

Describe the effects of market demand changes on the price and output of a perfectly competitive industry in the short and long run.

Identify and explain the role of the industry supply curve in the context of perfect competition.

Analyze the conditions for long-run equilibrium in a perfectly competitive market, including the zero economic profit condition.

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Definitions:

Coup d'état

A sudden and illegal seizure of government power by a small group, often military, displacing the existing government authorities.

Constitutional Democracy

A system of government where laws and policies are made within the framework of a constitution, and the power is exercised directly or indirectly through elected representatives.

Grassroots Activities

Grassroots Activities refer to actions and initiatives taken by local, ordinary people rather than those led by political or commercial organizations, often aiming at social or political change.

Environmental Leadership

The practice of influencing and guiding individuals and organizations to make choices that protect and preserve the natural world.