On Christmas, I purchased $75 of McDonald's and 4 cases of drinks and gave them away to the homeless. Afterward I was told this is not a good thing to do; I should have donated the $ to a homeless organization.
Should I not do this next year?
A donation refers to a unilateral payment made by one party to the other. It can be in the form of cash or in-kind (such as in the form of a good that provides utility). Donations are provided with the motive of social welfare.
Answer and Explanation:
One can provide donations to a homeless guy or a charitable organization. Both forms of such donations increase social welfare. The only difference...
See full answer below.
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
from Introduction to Business: Homework Help ResourceChapter 13 / Lesson 17