G202 FINAL SCRIPT 2026 QUESTIONS AND
ANSWERS GRADED A+
◉To achieve the socially efficient equilibrium, a firm with market
power should
A) set a sales target where MR=MC and then set price equal to
marginal cost at that output level.
B) set a sales target where D=MC and then markup price over costs
according to demand for the firm's product.
C) set a sales target where MR=MC and then markup price over costs
according to demand for the firm's product.
D) set a sales target where D=MC and then set price equal to
marginal cost at that output level.. Answer: D) set a sales target
where D=MC and then set price equal to marginal cost at that output
level.
◉Which of the following is the correct stakeholder hierarchy of the
USLP?
,A) Shareholders—Consumers—Society—Employees.
B) Consumers—Society—Employees—Shareholders.
C) Society—Employees—Shareholders—Consumers.
D) Employees—Shareholders—Consumers—Society.. Answer: B)
Consumers—Society—Employees—Shareholders.
◉How will the monopolist's output and price (Qm and Pm) compare
to the socially efficient output and price (Qe and Pe) in any given
market?
A) Qm>Qe and Pm>Pe.
B) Qm<Qe and Pm>Pe.
C) Qm<Qe and Pm<Pe.
D) Qm>Qe and Pm<Pe.. Answer: B) Qm<Qe and Pm>Pe
,◉Below is a table of information on a local monopolist's Sales
Quantity, Price, and Total Cost.
Quantity PriceTotal Cost
0 45 0
1 40 20
2 35 40
3 30 60
4 25 80
5 20 100
What is the monopolist's socially efficient quantity (Qe)?
A) 3.
B) 2.
C) 5.
D) 4.. Answer: C)5
◉Who did Unilever bring in to help the company?. Answer: Paul
Polman
, ◉Unilever's Logo/Values. Answer: Over half of Unilever's values are
sustainability focused
Sun, Bee, DNA, Hand, Hair, Palm Tree, Flower, Swirl, Spoon, Chili
Pepper, Bowl, Fish, Wave, Packaging, Clothes, Transformation, Heart,
Particles, Plant, Virtuous cycle, Lips, Ice cream, Spark, Dove
◉Unilever's Stakeholder Hierarchy. Answer: Consumers—Society—
Employees—Shareholders
◉Why was the Unilever's stakeholder hierarchy created?. Answer:
Was envisioned to improve business performance by signaling to
key stakeholders that societal issues are integrated in Unilever's
core business strategy
- There is a growing consumer trend toward improved health and
protected environment
-Employee motivation and empowerment around solving society's
biggest challenges leads to more innovation
-Government regulations and NGO activist campaigns are focusing
more on mitigating global social threats
-Trust and transparency are important, especially for socially
responsible investors (SRI's) that are growing in importance in
capital allocations
◉Stakeholder capitalism. Answer: Still driven by maximizing profit
but showing it a very different way by putting consumers first.
ANSWERS GRADED A+
◉To achieve the socially efficient equilibrium, a firm with market
power should
A) set a sales target where MR=MC and then set price equal to
marginal cost at that output level.
B) set a sales target where D=MC and then markup price over costs
according to demand for the firm's product.
C) set a sales target where MR=MC and then markup price over costs
according to demand for the firm's product.
D) set a sales target where D=MC and then set price equal to
marginal cost at that output level.. Answer: D) set a sales target
where D=MC and then set price equal to marginal cost at that output
level.
◉Which of the following is the correct stakeholder hierarchy of the
USLP?
,A) Shareholders—Consumers—Society—Employees.
B) Consumers—Society—Employees—Shareholders.
C) Society—Employees—Shareholders—Consumers.
D) Employees—Shareholders—Consumers—Society.. Answer: B)
Consumers—Society—Employees—Shareholders.
◉How will the monopolist's output and price (Qm and Pm) compare
to the socially efficient output and price (Qe and Pe) in any given
market?
A) Qm>Qe and Pm>Pe.
B) Qm<Qe and Pm>Pe.
C) Qm<Qe and Pm<Pe.
D) Qm>Qe and Pm<Pe.. Answer: B) Qm<Qe and Pm>Pe
,◉Below is a table of information on a local monopolist's Sales
Quantity, Price, and Total Cost.
Quantity PriceTotal Cost
0 45 0
1 40 20
2 35 40
3 30 60
4 25 80
5 20 100
What is the monopolist's socially efficient quantity (Qe)?
A) 3.
B) 2.
C) 5.
D) 4.. Answer: C)5
◉Who did Unilever bring in to help the company?. Answer: Paul
Polman
, ◉Unilever's Logo/Values. Answer: Over half of Unilever's values are
sustainability focused
Sun, Bee, DNA, Hand, Hair, Palm Tree, Flower, Swirl, Spoon, Chili
Pepper, Bowl, Fish, Wave, Packaging, Clothes, Transformation, Heart,
Particles, Plant, Virtuous cycle, Lips, Ice cream, Spark, Dove
◉Unilever's Stakeholder Hierarchy. Answer: Consumers—Society—
Employees—Shareholders
◉Why was the Unilever's stakeholder hierarchy created?. Answer:
Was envisioned to improve business performance by signaling to
key stakeholders that societal issues are integrated in Unilever's
core business strategy
- There is a growing consumer trend toward improved health and
protected environment
-Employee motivation and empowerment around solving society's
biggest challenges leads to more innovation
-Government regulations and NGO activist campaigns are focusing
more on mitigating global social threats
-Trust and transparency are important, especially for socially
responsible investors (SRI's) that are growing in importance in
capital allocations
◉Stakeholder capitalism. Answer: Still driven by maximizing profit
but showing it a very different way by putting consumers first.
