Examlex
An auto designer chooses to devote his efforts to design an automobile that is the safest vehicle possible. He does so because he wishes to save lives and prevent disabling injuries. He believes he and his employer have a duty to provide the public with the safest possible vehicle. The designer's approach to ethical decision-making is best characterized as:
Marginal Analysis
The study of marginal decisions.
Marginal Cost
The additional cost incurred in producing one more unit of a good or service, crucial for decision-making about production levels.
Learning Effects
These are reductions in production costs that occur due to learning and improving over time, as processes become more efficient with experience.
Marginal Costs
The increase in total cost that arises from an extra unit of production.
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