Grace is president of Mayweather Farm, one of the largest pork producers in the U. S. A business consultant tells Grace that if she moves the pigs into small pens and feeds them cheap, hormone-filled food, the Farm would gross 20 percent more each year. There is little research about housing pigs in tiny pens, but such a life seems less enjoyable for the pigs, and Grace has read medical studies that say hormones are dangerous to both pork consumers and pigs. Analyze Grace's options using the beliefs of Milton Friedman.

Question

Alonzo Roth

Business

12 December, 01:25

Grace is president of Mayweather Farm, one of the largest pork producers in the U. S. A business consultant tells Grace that if she moves the pigs into small pens and feeds them cheap, hormone-filled food, the Farm would gross 20 percent more each year. There is little research about housing pigs in tiny pens, but such a life seems less enjoyable for the pigs, and Grace has read medical studies that say hormones are dangerous to both pork consumers and pigs. Analyze Grace's options using the beliefs of Milton Friedman.

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Lana Leblanc · Answer 1

Milton Friedman had the belief that businesses has only one social responsibility and this involved the engaging in economic activities and using available resources that can cause increments in profits. Simply put Friedman believed that making profits should be the goal of businesses. And people should use resources they have available to increase their profits.

Following this, it would be advisable for Grace to follow the business consultants advice of injecting the pigs since it would then cause her less to run The business and still increase the gross profit from the farm by 20 percent more each year. This means an increment in profits.