As you may know by now, Coronavirus has been spreading around the globe intensively. So far, it has an enormous effect on the economy worldwide. • As an economist-data analyst, you are invited to a late-night show to justify the economic losses over the past weeks. If you accept the invitation, how will you tackle this question? (you can try discussing direct losses due to the illness and preventing others, and indirect losses such as panics because of the possible future impacts) Use data and facts to support your claims (should we be frightened by this virus, and the impact we see and predict is real or fake [or somewhere between]!). Explain the temporary effect and the permanent effect.

The town of Fenerbahce has hired world‐class econometricians to investigate their criminal justice system. The researchers report an interesting finding. People who were previously detected and punished by law enforcers gain a better understanding of the functioning of the law enforcement system, and are better able to exploit laws designed to protect defendants against the state. Thus, people who have been detected and punished before are better able to avoid detection and punishment. In particular, theyreport the following facts: ‐ The offense of jay‐walking causes social harm of $100.‐ A person who has never been punished for jaywalking before faces a 0.5probability of being detected while jaywalking.‐ A person who has been punished before for jaywalking faces a probability of0.25 of being detected while jaywalking. The town wants to implement optimal punishment schemes. It is well known thateveryone in Fenerbahce is risk‐neutral and rich (i.e. not judgment proof). Moreover, the…

This is one question but I didn’t have space so inserted the two pictures thank you :)

Hi! Can you help me with the question below?  Todd has a job that presents zero risk of death or injury, but has always craved something more exciting. His current annual salary is $50,000. He has been offered a job on an Alaskan fishing boat that will pay$55,000 annually. This new job offer, however, comes with a 10% risk of severe injury that will cause Todd to have no income. Which of the following is true? (Assume the severe injury has no relevant implications besides reducing Todd’s income) A) Todd will definitely take the new job if he’s risk averse.B) Todd will definitely take the new job if he’s risk neutral.C) Todd will definitely decline the new job if he’s risk averse or risk neutral.D) Todd will definitely accept the new job if he’s risk seeking.E) Not enough information to determine.

Suppose that Netflix believes that due to the change in consumer preferences, the effect of the pandemic on its Net Income will annually be $3 billion higher for the three years (2021-2023). What is the net present value of this increase if Netflix discounts the future at 5% a year? Assume that the calculation takes place at the end of 2021 and the results of 2021 are not discounted at all. Report your answer in billions of dollars and round your answers to the tenths

Fill in the blanks and please show the calculations: a) Suppose that the average annual malpractice cost is $40,000 for reckless doctors and $4,000 for careful doctors. If half of an insurance company's insured doctors are reckless, the company will earn zero economic profit if the price of insurance is ____________. b) If careful doctors are not willing to pay more than $7,000 for insurance, the price required for zero economic profit is ____________.

Course: Introduction to Microeconomics1. Our students Francisca and Javier have a heated discussion about Axioms of Preference and Rational Consumer Choice, from which they raise questions and reflections regarding topics seen in class. You are asked to comment on each of these statements, justifying whether statement is true, false or uncertain. You should be supported by graphic analysis as appropriate.Statements that our students arrive at are as follows:(a) To have consistent ordering and represent convex indifference curves, only Axioms of order (Monotonicity) and Transitivity are needed.b) For a consumer to find equally preferred baskets from an initial basket, he must establish a substitution relationship between goods to stay on same indifference curve.c) Given consumer's income, the best he can do with respect to his consumption decision, is to find a situation where marginal utility per weight spent on good X is equal to marginal utility per weight spent on good Y.

Please construct a table and find the equilibrium for NEGLIGENCE WITH A DEFENSE OF CONTRIBUTORY NEGLIGENCE (WITH EFFICIENT LEGAL STANDARD OF CARE)

7) There is some popular unrest in a dictatorship. The population might be in a revolutionary mood, in which case they would be willing to violently overthrow the dictator, or just grumbling, in which case they would not. There is a 30% chance the population is in a revolutionary mood. The population knows their own type, but the dictator does not. After nature chooses whether the population is in a revolutionary mood, the population can decide to protest or not. The dictator observes the populations behavior, and then can peacefully resign or hold onto power. The dictator can make this choice whether or not the population protests. If the dictator holds onto power, the population can violently overthrow the dictator or not. The dictator gets 50 utility for retaining power, O utility if they peacefully resign, and -100 utility if they are overthrown. The revolutionary population gets 50 utility for the dictator resigning, 30 utility for overthrowing the dictator, and -50 utility for…

Suppose analysts agree that the losses resulting from climate change will reach x dollars 100 years from now. Use the concept of present value to explain why estimates of what needs to be spent today to combat those losses may vary widely. Would you expect the variation to narrow or get wider if the relevant losses were 200, rather than 100, years into the future? Complete the following using a principle amount = $100. Instructions: Enter your responses rounded to two decimal places. Discount rate / years 2% 5% 20 yrs O the higher rate O the lower rate 50 yrs 100 yrs Is there greater volatility with a lower discount rate or higher discount rate?