[solved]-Like Perhaps Love Good Cup Coffee Suppose Following Information Company Makes Coffee Consi Q39681241

Like me, perhaps you love a good cup of coffee. Suppose that youdo, and you have the following information about the company thatmakes the coffee you are considering. You are selecting a one-poundbag of coffee, and you can choose to pay anywhere from $5 to $15for the bag of coffee. In each of these cases, we mean ethicalstandards to refer to business practices and labor relations; anexample of unethical business practice would be price-fixing, andan example of unethical labor relations would be discrimination inhiring practices. Required Report the dollar figure asked for ineach part of the four cases, and for each case, explain brieflyyour rationale for the price differences.

How much would you pay for the bag of coffee if (a) you knowwith certainty the company has high ethical standards, (b) you knowwith certainty the company has low ethical standards, and (c) youdo not know anything about the company’s ethical standards?

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Answer to Like me, perhaps you love a good cup of coffee. Suppose that you do, and you have the following information about the co… . . .