The Eyes Wide Open Company is considering producing binoculars that can be used to directly view the sun during a solar eclipse, but it knows that some customers could potentially go blind when using the product. The Eyes Wide Open Company
A) should definitely not produce these binoculars.
B) has no way to include the value of the potential damage to eyesight in its cost-benefit analysis.
C) has little choice but to include the value of the potential damage to eyesight in its cost-benefit analysis.
D) must redesign the binoculars so there is absolutely no possibility of damaged eyesight to customers.
C
You might also like to view...
Define the terms legal incidence and economic incidence. When the legal incidence of a tax is changed, how does this affect the economic incidence of the tax? Why does this result occur?
What will be an ideal response?
Stagflation is defined as a period when real GDP ________ and the price level ________
A) is constant; rises rapidly B) decreases; increases C) increases; increases D) decreases; decreases E) increases; decreases
Answer the following statement(s) true (T) or false (F)
1. In a planned economy, an individual's personal income dictates his or her spending choices. 2. Although the United States comes close to being a capitalist economy, it is considered a mixed economy because there is some government intervention. 3. Business managers do not need to be aware of the decisions of collective businesses outside their own industry. 4. The value of currency is based on an underlying commodity. 5. The price of a product or service is based entirely on its actual value.
The United States was among the first of the modern industrial nations to establish a central banking system.
Answer the following statement true (T) or false (F)