Supply Chain

Please address the following: What is public utility company and what does it mean to maximize utility for the average rationale individual? This is an economic brink you whitethorn need to research (15 points). Utility is the total expiation you receive from purchasing a good or service. To tap utility you are thinking close what you want and how you plunk of tail achieve what you want at the best potential price. list and describe a foreland-agent blood that you have encountered or faculty encounter in the future (12 points). An example of a principal-agent birth that I have encountered is the politician, which would be the agent and me the elector and I am the principal. In this situation the agent is nerve-wracking to ge adduce the principal (the voter) to vote for them. They are traveling from state to state promising to diversify certain things about the economy in ordain to entrance that state on their side. Clearly key who is the agent and who is the principal in the relationship (5 points). The agent is the politician and the principal is the voter. Explain why the goals of the principal and the agent great power diverge (5 points)? The voter pass on want the reasons and causes that the politician was stand for to start to take military unit and change today.

Once choose the principal cannot happen immediately if the agent is acting in their best interests. The agent skill also try not to suffocate certain laws because it may be too pricy to them but beneficial to the principal. In an holy person situation what pickaxe and/or selection would maximizes the princip als utility and why (10 points). In the no! nsuch situation the agent (politician) actuall(a)y fixes all they say they will fix, change any laws that are corrupt, and pass laws to better the principals life. The principal will tonus as though their utility is maximized because then everything that wanted to see changed is achieved and everything the agent said they were dismission to do is done. In an ideal situation what choice...If you want to get a full essay, order it on our website: BestEssayCheap.com

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