Lisa and Collin Are Married

question 28

Essay

Lisa and Collin are married.Lisa works as an engineer and earns a salary of $116,000.Collin works at a beauty salon and reported wages of $45,000.Lisa received $500 of interest from corporate bonds and $250 of interest from a municipal bond.Lisa acquired these bonds prior to her marriage to Collin.Collin's father passed away on April 14.He inherited cash of $50,000 and his baseball card collection,valued at $2,000.As beneficiary of his father's life insurance policy,Collin also received $150,000.The couple spent a weekend in Atlantic City in November and came home with gambling winnings of $1,200.Collin was injured in an accident at the salon.He was unable to work for a month,but during this time he received $5,000 from disability insurance he purchased several years ago.Collin also received $2,000 in workman's compensation,and $1,500 from the salon for the emotional trauma he suffered from the accident.Calculate Lisa and Collin's gross income for this year assuming they will file married joint.

Assess the ethical implications of utilitarianism in various societal issues, including poverty, law enforcement, and euthanasia.

Analyze the criticism against utilitarianism, including its focus on consequences over intentions or rules.

Evaluate the role of consequentialist ethics in decision making and moral evaluations.

Recognize the inclusion of animals' interests in the utilitarian ethical framework.

---

Definitions:

Policymakers

Individuals or groups responsible for making decisions in government that influence laws, regulations, and policies.

Monopoly

A market structure characterized by a single seller, selling a unique product in the market.

Deadweight Loss

A reduction in economic efficiency that happens when the balance for a product or service cannot be reached or is impossible to achieve.

Profit-maximizing Monopoly Pricing

Profit-maximizing monopoly pricing is a strategy where a monopolist sets a price at the highest possible level that does not allow new entrants, maximizing its profit.