How does Libertarianism differ from Equal Rights arguments in the theory of Ethics and Economics?

During the Covod-19 pandemic ventilators became a much sought after item. Governors were competing with each other and with the federal government for these much needed life and death items.

Q1. Why did this happen?

Q2. What can be done to prevent it from recurring, say during (God forbid) a second wave.

- Include in your discussion the following key items:

Resources Quantity Supplied and Quantity Demanded Equilibrium Price and Quantity and Market Equilibrium Shortage vs Surplus Price Gouging

Market Failure Imperfect Industry Structure The Relevant Determinants of Supply and Demand

Also apply these concepts to the current situation with toilet paper and with oil.

Explain the central difference between the search model and the Walrasian market for labor

Due to the corona virus,

How much of a decline do you anticipate for the Second Quarter of 2020? Will be in recession? This would mean GDP was down during the first quarter and/or the third quarter. Will it last long enough to be the second depression in 100 yeards?  

On inflation/deflation,what would your life have been like during the early 80's when the inflation rate was in double digits? Imagine what life would have been like in Germany in 1923, when prices were rising daily and the Deutschmark was losing ground daily against the dollar?

Post a discussion thread distinguishing between the micro and macro views of marketing. Then explain how they are interrelated, if they are. Your post should be thorough, utilizing the text, your personal experience, and any other information you are able to garner through research. A minimum of 150 words is expected to achieve full credit.

Write a short business report about Alibaba Group. The report must includes: Their business model, their sources of revenue, their profit for the last five years, future plans, Internet technologies using to handle Internet traffic.

In Chicago, one of America’s most violent cities, drug arrests have plummeted 42% in the weeks since the city shut down, compared with the same period last year. Part of that decrease, some criminal lawyers say, is that drug dealers have no choice but to wait out the economic slump.

“The feedback I’m getting is that they aren’t able to move, to sell anything anywhere,” said Joseph Lopez, a criminal lawyer in Chicago who represents reputed drug dealers.

Overall, Chicago’s crime declined 10% after the pandemic struck, a trend playing out globally as cities report stunning crime drops in the weeks since measures were put into place to slow the spread of the virus. Even among regions that have the highest levels of violence outside a war zone, fewer people are being killed and fewer robberies are taking place.

Using the logic of supply and demand, explain what is happening in the illegal drug market used by casual users and the market used by addicts. Make sure your answer addresses the following question:

1. In terms of only the market for these drugs, explain which type of consumer bear the largest cost in change? Who is experiencing the largest changes in the welfare measures used by economists (i.e. producer and consumer surplus)?

Compare and contrast franchise and strategic alliance.

2. Suppose that demanders demand 195 widgets at a price of $21, and demand 240 widgets at a price of $20. What is the PED over this segment of the demand curve?
a. 4.241
b. 0.832
c. 6.714
d. 0.395
3. Following up on question 2 above, which of the following best explains what will occur should widget manufacturers decide to decrease the price they charge for widgets?
a. Revenues will decrease because PED is elastic
b. Revenues will increase because PED is elastic
c. Revenues will not change because PED is unit elastic
d. Need more information
4. Suppose that the market price of lawn chairs is $16.01. Will needs a lawn chair and is willing to pay $18 for a chair. ChairCo is a manufacturer of lawn chairs. ChairCo’s cost for manufacturing a chair is $14. Should Will and ChairCo do business, and if so how much surplus will each enjoy?
a. Yes, Will may realize $1.99 of consumer surplus and ChairCo will realize $2.01 of producer surplus
b. No, the price is too high
c. No, ChairCo’s profits will decline if it sells the chair to Will
d. Yes, Will may realize $18 of consumer surplus and ChairCo will realize $14 of producer surplus
5. True or false. Economists consider market equilibrium efficient because at equilibrium Consumer Surplus is maximized whereas Producer Surplus is not.
a. True
b. False

Consider a two-period model, inhabited by two individuals, Anna and Bob (or as they like to be called, A, and B). A has the following preferences uA(cA0, cA 1 ) = ln(cA 0 )+0.9 ln(cA 1 ), while B has the following preferences uB(cB0, cB 1 ) = ln(cB0)+0.8 ln(cB1 ). Consumer A receives an income YA0 = 100 in period 0 and YA1 = 150 in period 1. On the other side, Consumer B receives an income YB0 = 125 in period 0 and YB1 = 100 in period 1. Assume the interest rate is r. The government wants to spend G0 = 50 in period 0 and G1 = 75 in period 1. These spendings are financed through lump-sum taxes. It is assumed that the government collects the necessary tax to finance its spending in each period and the tax burden is equally supported by the consumers in each period.

1. Compute the optimal consumption (c0, c1) for each individual as a function of the interest rate r.

2. Find the equilibrium interest rate that clears the credit market.

3. Discuss the validity of the following statement with using economic terms and tools:
“Economic models play an important role when it comes to developing sound economic policies.”


(Microeconomic Theory II concepts)

In the 2020 political election cycle, the role of the government in the economy is being heavily debated with some arguing that less is needed whereas those that contend that the government should involve more. The recent events of Corona Virus pandemic highlights the dilemma of less vs more government. Using the chapter in the textbook and other sources compare and contrast the role of the government in the marketplace. Use arguments that support a greater role of the government and contrast with why this role should be less or minimum. Is there a healthy balance? Explain.

Two alternative start-up FinTech projects were being contemplated for financing by a venture capitalist to determine which one is more viable, based on cost and returns. Table 4.1 below shows a five-year schedule for the two projects:

Table 4.1

1. If you were the Project Manager on the Venture Capitalist team, using the Net Present Value (NPV) method, which project would you recommend be financed based strictly on the schedule shown above and an interest rate of 7.5%?
2. Use a Microsoft Excel, or any other method to deduce/calculate the Internal Rate of Return (IRR) for both projects. Explain how you would advise the Bank which project to finance using the result from the IRR method?

16. Which of the following would you expect to have the least market power?

A. A wheat farmer

B. A gasoline station in a small rural town

C. A small biotech company with a patent on a drug

D. All of the above would have equal market power

E. None of the above would have any market power

17. When a monopolist switches from charging the monopoly price to price discriminating, which of the

following is/are true?

A. producer surplus will increase.

B. consumers with high elasticity of demand will be charged a lower price than consumers with

low elasticity of demand.

C. if the quantity sold increases, then total surplus will increase.

D. all of the above.

E. none of the above.

18. Contracting around observable characteristics to try and solve information problems are examples of

A. first best efficient outcomes

B. second best efficient outcomes

C. positive externalities

D. negative externalities

E. creative destruction

19. If a firm with market power lowers its price,

A. it will increase total revenue regardless of the elasticity of demand.

B. it will decrease total revenue regardless of the elasticity of demand.

C. it will always increase its profits.

D. it will increase profits if the resulting marginal revenue is greater than the marginal cost.

20. The Coase Theorem can be summarized by saying the efficient allocation of resources will be guaranteed

as long as 2 conditions are met:

A. Clearly defined property rights and no market power

B. No market power and low transaction costs

C. low transactions costs and clearly defined property rights

D. perfect competition and no government intervention in the market

E. government taxation of negative externalities and subsidies for positive externalities.

21. A Nash Equilibrium is

A. a best-response to a best-response

B. a set of strategies for which no player has an incentive to choose a different strategy

C. the guaranteed outcome of a game.

D. all of the above

E. A and B

What was the actual impact and historical significance of the meat/food industry brought about by The Jungle by Upton SInclair?