There is a trolley car racing down thetrack toward five workers. The only wayto avoid killing those workers is for thetrolley driver to pull a lever that changesthe direction of the trolley car onto adifferent track. On the second track thereis one worker who will be killed if thetrolley changes directions. The trolleydriver thinks, "Is it illegal to change thedirection of this train and kill that otherworker? I think the best way to follow thelaw would be to follow the train scheduleno matter what." So he does not pull thelever to change the direction of the train.Based on the information above, whichof the Ethical Theories did the trolleydriver use to make the decision? Groupof answer choices Cultural RelativismVirtue Ethics Utilitarianism DeontologySocial Group Relativism

Before we can determine which ethical theory the trolley driver used, we need to understand what…

Answered: There is a trolley car racing down the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose a monopolist sells a product to faculty members and students on the campus. If the firm sets a single price, the monopolist produces 5000 units and sell them at the price of $3 per unit. At this price, the price elasticity of demand for faculty member is -2.5. And the price elasticity of demand for students is -1.5. The monopolist is considering whether she should set different prices for the faculty members and students and asks for your advice. The monopolist is thinking about charging faculty members a 10% higher price. The quantity demanded by the faculty members would fall by %. The monopolist is thinking about charging students a 10% higher price. The quantity demanded by the students would fall by %. Who should the monopolist charge more? mention faculty and students and how much
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Briefly mention what is the social discount rate?
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