Assignment 5 Price Essay

Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Here is the first month's scenario--you order the same number (and the same variety) of ice creams each day from the ice cream suppliers, and your ice creams are always marked at $1.50 each. However, you notice that there are days when ice creams remain unsold but other days when there are not enough ice creams for the number of customers.

Sports teams are switching to a variable-pricing strategy for tickets so that they can get a higher profit on games with record attendance numbers. They feel the need to do so because the marginal costs, such as construction payment and players’ salaries, did not equal to the marginal revenue, since attendance was severely dropping. To pay for the marginal cost, the sports team needed to capitalize on things that they were sure of, like increasing attendances to games between major sporting rivals.

These individuals are known to be experts of morality. The chapter proposes two reasons as to why these individuals are called upon so frequently. One, for those who believe and have some sort of religious back round, and second, for those who believe in what is called a “scientific view” of the world. This chapter presents the idea that there is some popular belief that religion and morality go hand in hand and that in order to understand morality, you must understand religion. It is explained that when we view morality from a religious perspective, we give meaning to morality in a way that a “good man” made this world that we currently live in and that we are his children. While the book proposes the question that people who believe in God, or a higher power, base their values on what those religions state is right or wrong, whereas for an atheist the question still remains; how do these individuals weigh their moral compass and place their values?

Character is the mental and moral qualities distinctive to an individual, though morality is subjective, in today’s society it is predominantly agreed upon that someone who is of good character has certain qualities that contribute to their decision making, trustworthiness, and intelligence. I previously mentioned prudence, which is the ability to govern oneself by the use of reason to make good judgements that allow you to avoid troublesome situations, which allows one to face the adversities of life while only encountering necessary risks. This is the ultimate show of genuine character, those who can judge for themselves and aren’t afraid to admit their faults, or

Recent medical advances have greatly enhanced the ability to successfully transplant organs and tissue. Forty-five years ago the first successful kidney transplant was performed in the United States, followed twenty years later by the first heart transplant. Statistics from the United Network for Organ Sharing (ONOS) indicate that in 1998 a total of 20,961 transplants were performed in the United States. Although the number of transplants has risen sharply in recent years, the demand for organs far outweighs the supply. To date, more than 65,000 people are on the national organ transplant waiting list and about 4,000 of them will die this year- about 11 every day- while waiting for a chance to extend their life through organ donation

When thinking about morality, it is necessary to consider how aspects from both nature and nurture, along with free will, may form ones moral beliefs and dictate ones moral actions. To understand how moral beliefs as well as actions formulate and operate within individuals and societies, it is imperative that a general definition of morality is laid out. Morality, then, can be defined as ones principles regarding what is right and wrong, good or bad. Although an individual may hold moral beliefs, it is not always the case that moral actions follow. Therefore, in this essay I aim to provide an explanation that clarifies the two and in doing so I also hope to further the notion that one’s moral framework is a product of all three factors; nature, nurture, and free will. The first part of this essay will flush out what exactly morality it and how it manifests similarly across individuals and differently across individuals. Contrariwise, I will then explain how morality manifests similarly across societies and differently across societies. Alongside presenting the information in this order, I will trace morality back to primordial times to showcase how morality has evolved and developed since then, not only from a nature-based standpoint, but also from a

The market price of a good is determined by both the supply and demand for it. In the world today supply and demand is perhaps one of the most fundamental principles that exists for economics and the backbone of a market economy. Supply is represented by how much the market can offer. The quantity supplied refers to the amount of a certain good that producers are willing to supply for a certain demand price. What determines this interconnection is how much of a good or service is supplied to the market or otherwise known as the supply relationship or supply schedule which is graphically represented by the supply curve. In demand the schedule is depicted graphically as the demand curve which represents the

They both explore ethical motive as a concept and the moral impact of living according

Your paper should be between 1750 and 2500 words, in APA format and structured as follows:

Virtue Theory relies heavily on the character of the person rather than the circumstances in which the individual acts. The virtue theory deemphasizes rules and regulations and instead focuses on the internal character of the act in question. The virtue theory is not concerned with the intentions of the act. Nor is it concerned primarily with the consequences of the act. Instead the virtue theory relies on moral virtues. If the individual is of good character or not is the primary concern with virtue theory. What is difficult to ascertain however, is the question of what constitutes character? How can one appropriate establish the contents of one's character? A person's character traits are the compesition of his character traits. These traits can either be good (virtuous) or bad (vices). In both instances, the virtue theory establishes and emphasized these two

Abstract—Recent works have indicated that the price of computers is a key factor in explaining the growth of computer spending. However, it remains unclear whether the price elasticity of the demand for computers is constant over time. Findings on the pattern of price elasticity will have important implications in the study of information technology (IT) innovation diffusion. To test the hypothesis of dynamic price elasticity, we extend existing growth models to include a price factor with different elasticity specifications. Nested specifications of three growth models were

This week’s Discussion topic is BYP7-7, Ethics Case, on page 330 of your textbook which reads as follows:

Christian initially accepts this suggestion, for he is told by Mr. Worldly-Wiseman that Legality is a man who is known for his good works (Bunyan, 19). Christian them embarks on the trip to the Village of Morality, but in transit he encounters a hill that proved an insurmountable obstacle, along with the reappearance of Evangelist who shames him for trusting in the earthly qualities of morality and legality (Bunyan, 20-22). Therein we see confirmation of the notion that justification is by faith alone. For Christian, via the instruction and teachings of Evangelist, discards the knowledge and virtues of the concepts of morality and legality as nothing more than a fruitless diversion in comparison to seeking the Celestial City (Bunyan, 22).

In his work Euthyphro, Plato introduces a religiously based moral code. This code, the divine command theory, stresses the pleasing of god in one’s moral actions. Plato’s characters, Euthyphro and Socrates, take turns in a debate defending and criticizing this theory. Its flawed nature is uncovered and we as readers are able to notice its advantages and disadvantages. Using these criticisms, revisions to the divine command theory have been made. After analyzing the divine command theory and noting both its advantages and its critiques, I largely agree with the criticisms that are made about it. However, with certain revisions, it can be transformed into a reliable and successful philosophy.

These two philosophers are somewhat similar in that they both believe that the morality of decision making is based upon