Use the Following to Answer Questions

question 174

Multiple Choice

Use the following to answer questions:
Figure: Oil
-(Figure: Oil) To produce 30 million barrels of oil per day, the minimum price per unit that producers in the diagram require is:

• A) $20.
• B) $40.
• C) $60.
• D) $80.

---

Definitions:

Ethical Behaviour

Acting in ways consistent with what society and individuals typically think are good values.

Self-Interests

The focus on one's own benefit or advantage, especially when pursued without regard for others.

Utilitarian View

An ethical philosophy that posits the best action is the one that maximizes utility, generally defined as actions that promote happiness or pleasure and reduce suffering.

Ethical Behaviour

Conduct based on recognized moral principles or values, emphasizing honesty, fairness, and integrity in personal and professional realms.