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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a ti...
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A: Answer -
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Q: Gabby has the utility function U(X,Y) = X0.y0.26 When Gabby consumes X= 5 and Y=8 she has a marginal...
A: MRS = (MUx)/(MUy) MUx = dU/dx = Y0.25.0.5X(0.5-1) = 0.5Y0.25X(-0.5) MUy = dU/dy = X0.5.0.25.Y(0.25-1...
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- Quality-Quantity Trade-off: Becker’s (1981) theory proposes a quality-quantitytradeoff in fertility choices. Parents pay for having kids (childcare, feeding thechild etc.) and well as nurturing the kids (providing education).a. What does Becker’s theory imply about children born in big families?b. To test this model, we need to identify whether it is true that parentswould invest more in kids’ quality (e.g. education) if they had fewer kids.Suppose we compare the education of children in large families and smallfamilies, and find that children in small families get more education. Doesthis imply that being born into a large family causes a child to get loweducation? What mechanisms can you think of that can lead to thisassociation?c. Economists have used twins to test the presence of a quality-quantitytrade-off. In fact, we find that there is mixed evidence for the Q-Q model.What can explain this?Explain the components that constitute aconceptual model of consumer behavior.Q1(a) When a company buys medical insurance for all its workers, the insurance premium per workers is generally much cheaper on the average for comparable coverage, compared to insurance purchased by individuals. The difference in cost may not be just due to differences in the administration costs in handling bulk insurance policies in a company’s transaction. Explain, in the context of information, for this cost differential. (b) It is discovered that children who attended pre-schools are helpful and considerate in the society. However, preschool is optional and very costly. Not all parents send their children to pre-school. (i) Use an appropriate diagram, depict the market for pre- school and explain the type of externality described. Is the market efficient? (ii) From social efficiency point of view, should the government make it compulsory for all parents to send their children to pre-school? Explain.
- When using the social ecological model, which of the following would be considered part of the "exosystem" of influence on an individual's physical activity? O Personal factors O public policy O Institutional factors O Exosystem does not exist in the social ecological model If you have a client who wants to work out on his own, which of the following method of prescribing exercise intensity you should recommend to be more accurate? O Rating of perceived exertion (RPE) O Talk test O % Age predicted HRmax O % Heart rate reserve (measured)One of these is NOT TRUE about Cost-utility analysis: a. It measures outcomes in Quality Adjusted Life Years (QALY), and Disability Adjusted Life Years (DALYs) b. Cost is measured in monetary units c. The limitation of this analysis is that it is difficult to compare the interventions with differing natural effects d. It is used to make policy level decisionsState at least one type of conclusion that could be made from the data provided for the KPI. Suggest one other data source that would provide more information to make data-driven decisions. Explain what information that source would supply. (The blue one is mine) or pretty much what can be said of the line graph
- Question 28 To an economist, the Latin phrase ceteris paribus means "all else held equal." Group of answer choices True FalseExplain the concept of Internal and External Validity in relation to statistical analysis?1) In a relationship among total, average and marginal products, where TP is maximized: * A)AP is maximized B)AP is equal to zero C)MP is equal to zero D)MP is maximized Q2) The method which can give some information in estimating demand of a product that hasn’t yet come to market is: * a)a statistical demand analysis B)the consumer survey C)market experimentation D)plotting the data 3) An example of a time series data set is one for which the: * 1)data would be collected for a given firm for several consecutive periods (e.g., months). 2)data is created from a random number generation program. 3)data would be collected for several different firms at a single point in time. 4)regression analysis comes from data randomly taken…
- Data 1:*2008 and 2013 National Demographic Health Survey showed that the percentage of womenage 15- 19 who had a live birth or is pregnant with first child had increased from 9.9% - 10.1% inthe country.*In Region 1, the percentage of women age fifteen 15 - 24 who havebegun childbearing also increased from 26% - 29%. This was attributed to the following riskybehaviors identified by the adolescents during the Regional Adolescent Congress: Early sex,Substance abuse, Pornography, VAWC (rape case), Fraternities (bad gangs) & Prostitution. Questions:1. What is the impact of the given data to mortality and morbidity rate of adolescent population? 2. What is the impact of the given data to mortality and morbidity rate of neonatal population? 3. Give at least 3 social determinants of health which are contributory factors leading to the datapresented and justify..Question #4. Parker County is considering reestablishing bobcats in a number of local parks. The cats are known predators of small pets and livestock, but also an important predator for controlling certain rodent and small mammal populations. The New York State Department of Environmental Conservation (DEC) has conducted both a statewide and county level contingent valuation survey. They found that the local (county level) marginal willingness to pay represented by the equation: MWTP= -.4Q+130. The DEC found the statewide marginal willingness to pay represented by the equation: MWTP= -0.9Q+400. Further, the DEC has estimated an aggregate marginal cost of establishing and maintain the bobcats to be MC= 0.5Q+30. What would be the efficient population of bobcats if only the local willingness to pay was considered? What would be the net benefits to local people if this population was maintained? What would be the efficient population of bobcats if only the statewide willingness…The Rawls's maximin principle has had _____ among economists because it ________trade-offs. O a. little influence; overemphasizes O b. great influence; emphasizes O c. little influence; ignores O d. great influence; ignores