Aproblem of interest to health fficials (and others) is to etermine the effects of smoking uring pregnancy on infant health. One measure of infant health is irth weight; a birth weight that is po low can put an imfant at risk or contracting varieus illnesses.
Q: Explain the effect of Covic-19 pandemic in PH in their economics. Like parks, malls, and other…
A: COVID-19 has had an impact on the Philippines' economy and economic outlook, from GDP to national…
Q: Matthew and Susan are both optimizing consumers inthe markets for shirts and hats, where they pay…
A: Marginal Rate of substitution is the volume of the good that a consumer is willing and able to…
Q: Prove that Cov(a1X + b1, a2Y + b2) = a1a2Cov(X,Y).
A: We are required to prove that:- Cov(a1X+b1, a2Y+b2)=a1a2Cov(X,Y) Please find the images attached…
Q: If the price of shoes is $60 per pair, the will be 10 pairs of shoes. Matet for Shoen 120 100 80 B0…
A: The quantity that buyers desire is determined by the price of an item or service in a marketplace.…
Q: In hypothesis testing procedure: A. We consider commenting abou hypothesis
A: We have to find hypothesis testing procedure.
Q: Is it pessible fek matginal utility to be negative and yet tola wWility to be pessitive hy of why…
A: Utility refers to the satisfaction which an individual receive from the consumption of a good, or…
Q: 16 27 7 ... e the table below. Cegory Percentage (%) % % Frequency A 16 27 7 (Simplify your…
A: A) The frequency table is given, Total frequency of sales categories => frequency of (A+B+C)…
Q: A) Are there differences in the effects of announced and unannounced cigarette tax increases under…
A: Behavioral Economics combines parts of social science and science to grasp however and why folks…
Q: According to the Intern al Pevenue Service, the mean tax refund for the year 2014 was $2800 Assu me…
A: Given that μ=2800σ=450 Use normal table to obtain the probabilities of different events occurring.
Q: Use the figure shown to answer the questions below Uz U3 U, 24 32 45 72 Income Currently the…
A: Given information Income=72 When accident income=24 Probability of accident=0.5625
Q: s all the statements below and judge which of them is true and which is fals e a short justification…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: The minister of transport released its festive season road accident statistics which shows that the…
A: Given: The utility function: U H = H The probability of drivers committing accidents = 8% The cost…
Q: Suppose that in 2010 the number of births is temporarily high. How does this baby boom affect eh…
A: Demand is defined as an economic term that refers to a customer's ability to purchase goods and…
Q: In which of the following models of the body is considered to be composed of several compartments? O…
A: In the compartmental model. the body is considered to be composed of several. compartments. Tissues…
Q: which of the following graphs shows the relationship betveen expected proft in the newsvendor model…
A: With the increase in standard deviation of demand, the expected profit increases, but after a point…
Q: he United States Supreme Court ha he rules that apply to speech carried public airwaves must be the…
A: Some types of speech are not protected by the First Amendment in the United States. The United…
Q: "The effect of measurement error in Y is different frommeasurement error in X". Explain How?
A: Measurement error theoretically affects all statistical analysis, both formal and informal, because…
Q: Suppose Diane's utility function is U=VIncome . Diane earns an income of 00, but there is a 15%…
A: The premium of insurance is decided based on the expected values.
Q: A Conpetidive finmis praduction functian is ge (x-1220)3, The price of the inpust %3D 10 t 24 is )…
A: Given: Firm's production function: y=10+(x-1000)1/3 Price of input x, w=1
Q: The clasticity prehet of demand for a I E: 3(190-X) s given by find the demand fonction p=DcK) if…
A: The elasticity of demand is calculated by, ∈=dXdPPX Now to calculate the demand function P=D(X), we…
Q: Emissions of nitrogen oxides, which are major constituents of smog, can be modeledusing a normal…
A: Given: Population mean ( μ )= 1.6 Population standard deviation (σ ) = 0.4
Q: Patients often have to wait beyond their time of appointment to be seen by their physician despite…
A: Relative frequency measures how often something is happening divided by all outcomes.
Q: Imagine that a zealous prosecutor (P) has accused a defendant (D) of committing a crime. Suppose…
A:
Q: O Question 13 Ikrs of Leisre Income The above image will be used for questions 13-15. Point D is…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: The presence of Heteroscedasticity can be investigated by using O a. F distribution O b. normal…
A: In normal distribution heteroscedestacity can be investigated.
Q: puld like to get the highest paying job possible after graduating from UCR and are currentl er to…
A: In financial aspects, hypothesis are created by a course of intelligent allowance from sets of…
Q: The notion of ceteris paribus means "other factors being equal." a. True b. False
A: While explaining the law of demand and the supply we just need to understand the relationship…
Q: mpany of 5000. Safe drivers have a lower probability of accidents with óf $: áfé dřivers have a…
A: Insurance is a policy, addressed by an approach, where an individual or element gets monetary…
Q: Wage Rate Risk of Injury The above diagram will be used for Questions 9-15. Which line represents…
A: There are generally three types of attitudes of a person towards risk. Risk - Seeking: A person with…
Q: . Changes in incentives Suppose the large number of bike accidents in a small town results in new…
A: The likelihood/Probability is the proportion of the probability that an occasion will happen in a…
Q: 1. Consider the following 4 examples of health stock over the life cycle. a) From birth on, pairwise…
A: The utility refers to the term in economics that shows the whole satisfaction gained from consuming…
Q: As early as in 1974, in his book Who Shall Live?, the well-known US health economist Victor Fuchs…
A: Health economics is a branch of economics concerned with issues related to efficiency,…
Q: Suppose seller decreas price by 10% then hiw total revene will affect when ed =1.5 or ed=0.5 or ed=1
A: Price elasticity of demand: It is the responsiveness of the change in the demand of a commodity…
Q: Consider the following scenario: Joe's initial income Y is $10,000. Joe experiences illness with a…
A: The loading fee is the admin cost for the insurance company. It is actually the profit of the…
Q: A car manufacturer wants to instalt air conditioners in their cars. they must not be defective se…
A: Here manufacture will end in 10 or 11 units. for 10 unit the value for parameters are X = 0 ( number…
Q: ww. re End of Chapter 5.6 we tewe r w t Revene Nu de Taing Avege the Cure Averge Average Total Cot…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: In a used car market there are two types of cars: bad (B) and good (G). Assume that the utility from…
A: * ANSWER :- From the given information the answer is provided as below as ,
Q: markel for lablels wil A 15 decrease OB067 decrease OCISincrease OD.0.67 increase Reset Selection
A: (b)
Q: Explain the concept of the Expected Utility Hypothesis (EUH) and state all relevant assumptions. Use…
A: When there is uncertainty about the result, this theory estimates the likely utility of an action.…
Q: 6. The demand for the doctor's visits, Q, is the following: Q= 5 - 0.04P. The market price of a…
A: Deadweight loss, also known as excess burden, is a measure of lost economic efficiency when the…
Q: If surgeons really have the ability to increase thedemand for surgeries, which kinds of…
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…
Q: خاص A moodle.unizwa.edu.om 39 خیر مبب حنیه بعد الوقت المتبقي 0:48:52 الدرجة من 2.00 P علم هذا السؤال…
A: The ANOVA test is used to compare the population mean of more than 2 treatments.
Q: Fill in the blanks In the following table: Net Mangiral Manginal To tal Total Benelit tost Benefit…
A: Marginal benefit refers to the additional benefit obtained in the process of increasing the output…
Q: Dunuts IndilfereceXurve 3 linlllerence Curve Tdillerecet urve
A: In the market, indifference curve explains the difference set of two products that give same level…
Q: 12 Faustian health economics. Consider Figure 11.10, whi contracts for the population of the nation…
A: A) The utility is highest in the south-east area of the graph.The problem with offering contracts…
Q: a. A young connoisseur has $600 to spend to build a smallwine cellar. She enjoys two vintages in…
A: a) Given utility function :- U (wF, wC))=wF2/3 wC1/3 PF = $40 PC = $8 where PF and PC are the prices…
Q: ng 2009-2012, the U.S. federal government shut off the water supply to a huge section of farmland in…
A: Overflow expenses and advantages are called externalities. A negative externality happens when an…
Q: Faris Co. Response Action Reduce Price Don't Reduce Price Gain = BD 30,000 Reduce Price Loss = BD…
A: Answer - 1 a ) loss of 50 Answer -b) gain - nil Answer - c) expected pay off is 50 for reduced…
Q: It is sometimes said that, "Those who gamble the most are the ones who can least afford to lose."…
A: Those who gamble the most are the ones who can least afford to lose." these people gamble because…
Q: What is consumer equiliberium Los coralinal af/2rach?
A: Cardinal approach is also known as utility approach
Step by step
Solved in 3 steps with 1 images
- Give typing answer with explanation and conclusion Suppose that the government must undertake an irreversible policy decision regarding the extent of air pollution regulation. The government is making this decision in a situation of uncertainty, however. In particular, there is some probability p that the benefits will remain the same as they are this year for all future years, but there is some probability 1 - p that benefits will be less in all future years. If we take into consideration the multiperiod aspects, should we err on the side of overregulation or underregulation, compared to what we would do in a single-period choice?ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?
- A government study found that people who eat chocolate frequently weighless than people who don’t. Researchers questioned 1000 individuals fromCalifornia between the ages of 20 and 85 about their eating habits, andmeasured their weight and height. On average, participants ate chocolatetwice a week and had a body mass index (BMI) of 28. There was anobserved difference of five to seven pounds in weight between those whoate chocolate five times a week and those who did not eat any chocolate atall, with the chocolate eaters weighing less on average. Frequent chocolateeaters also consumed more calories, on average, than people who consumedless chocolate. Based on this summary, would you recommend thatAmerican’s who do not presently eat chocolate, consider eating chocolateup to five times a week if they want to lose weight? Why or why not?Explain.6.33 Statistics released by the National HighwayTraffic Safety Administration and the National SafetyCouncil show that on an average weekend night, 1 outof every 10 drivers on the road is drunk. If 400 driversare randomly checked next Saturday night, what is theprobability that the number of drunk drivers will be(a) less than 32?(b) more than 49?(c) at least 35 but less than 47?As a manager of a small software retailing company, you are concerned with projected profit next year. While profit can be determined as the difference between sales and maintenance cost, or in symbols, P = S - M, where P is profit, S is sales, and M is maintenance cost including technical support. It is argues that when sales goes up so does maintenance cost because the cost of technical support will go up. Further, it is measured that the correlation between S and M is 0.8. Now given the figure that sales next year is expected to be $300 thousand with standard deviation of $4 thousand and maintenance cost is expected to be $150 thousand with standard deviation of $6 thousand, what would be the expected profit and its standard deviation you will include in your report?
- I want a differrent answer for this question. the answer provided is too much publicated. On a given evening, J. P. enjoys the consumption of cigars (c) and brandy (b) according to thefunctionU (c, b) = 20c - c2 +18b- 3b2.How many cigars and glasses of brandy does he consume during an evening? (Cost is no objectto J. P.)b. Lately, however, J. P. has been advised by his doctors that he should limit the sum of glasses ofbrandy and cigars consumed to 5. How many glasses of brandy and cigars will he consumeunder these circumstances?With Panel Data, if we assume that the individual effects vi are not correlated with the regressors Xit (i.e. E(vi|Xit) = 0), which one of the following statements is correct: The Fixed Effects estimator is not consistent. Both the OLS and the Random Effects estimators are not consistent. The OLS estimator is not consistent, but the Random Effects estimator is consistent. The OLS and the Random Effects estimator are consistent. All of the above. None of the above
- How do you partial differentiate Q = 15K^1.7L^1.3 + K^3 + 5^3 alone? If you were to exclude the second question2. For this question use the HUI3 scoring system for the health utilities index. Assume a patient has a baseline HUI3 state of (2,2,1,4,1,3,2,4) and a 1-year follow-up HUI3 health state of (2,2,1,3,2,1,2,2) after participating in a RCT. How many QALYs does this person gain in the first year after treatment? a. Use the information from above to answer the following questions. Suppose the cost of treatment was $20,000 and the average person lived an additional 10 years. What is the cost per QALY gained for the treatment (using discounted QALYS)? Does the treatment appear cost-effective? Explain.Consider the following TSLS model, where Ability is an endogenous independent variable, while Educand Age are exogenous.Stage 1 : Ability = 0 + 1 Educ + 2 Age + 3 Expr + 4 ParEduc + 5 KWW + VStage 2 : log(Wage) = 0 + 1 Educ + 2 Age + 2 Ability + UIf we use the Sargan test, the rst-stage F test and the Hausman test together to decide whether aTSLS or an OLS would be more appropriate, ll in the following blanks: at the 5% signicance level, the critical value for the Sargan test is blank, and the critical value forthe Hausman test is blank; if we blank (reject or fail to reject) the Sargan test, blank (reject or fail to reject) the rst-stageF test, and blank (reject or fail to reject) the Hausman test, then it is implied that we shall use theTSLS instead of the OLS estimation.