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Speedster is an automobile manufacturing company that has a factory in Seattle,Washington.It has placed Keith McShane,the operations head of the factory,in charge of investigating the firm's decision whether to move the factory to Qingdao,China.Keith is against the idea of the factory relocating to Qingdao because his fellow Americans will lose their jobs to the Chinese.Therefore,he is desperately searching for information that favors Seattle over Qingdao.Which of the following prescribed guidelines for ethical decision making will Keith need to focus on to make an unbiased,ethical decision?
Marginal Resource Cost
The change in total cost that comes from producing one additional unit of a good or service.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor of production.
Marginal Revenue Product
The additional revenue a firm generates by employing one more unit of input, such as labor or capital.
Perfectly Competitive Market
A market characterized by a high level of competition, where no single buyer or seller can influence prices and products are homogeneous.
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