how would you check the condition of life expectancy higher than 45 in rwanda and less than 55 in kenya in the year 1970? O AND(B12>55, C12<45) O AND(B12<55, C12<45) O AND(B12<45, C12<55) AND(B12>45, C12<55) AND(B10>45, C10<55)

how would you check the condition of life expectancy higher than 45 in rwanda and less than 55 in kenya in the year 1970? O AND(B12>55, C12<45) O AND(B12<55, C12<45) O AND(B12<45, C12<55) AND(B12>45, C12<55) AND(B10>45, C10<55)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter7: Uncertainty

Section: Chapter Questions

Problem 7.8P

See similar textbooks

Similar questions

A and B are best friends for almost 20 years already. They live next to each other and hang out with each other everyday. One day, A did not go out of the house so B was worried. B went inside the house of A and found that A was lying unconsciously on the floor. He called for an ambulance and brought A to the hospital. However, A was declared dead on arrival by the hospital. Since all the children of A are residing abroad, B took care of the funeral preparations. After the burial, B asked the children of A for the payment of the funeral expenses. a. Are the children of A liable for the funeral expenses? Why? b. What is the source of the obligation of the liabilities of the children of A, if any?
Answer question 1
Suppose that the current (fifi rst) generation consists of 1 million people, half of whom are women. If the total fertility rate is 1.3 and the only way people die is of old age, how big will the fourth generation (the great-grandchildren) be? How much smaller (in percentage terms) is each generation than the previous generation? How much smaller (in percentage terms) is the fourth generation than the fifirst generation? Are you surprised by how quickly the population declines?
: Suppose that Charlene has an income of $110,000 per year and that there is a 1 QUESTION in 5 (20%) chance that she will get sick in a given year. Let's suppose that the cost of the illness (in terms of lost work time and medical bills) is $80,000 which leaves her with an income of only $30,000 in that particular year. Utility UHealthy UE = UR Usick $30,000 $88,000 $94,000 $110,000 Income a) What is the actuarially fair premium for Charlene's situation? b) Continue to assume the given information. Suppose that the figure above represents Charlene's utility over various income levels. What is Charlene willing to pay for insurance? c) Continue to assume the given information. We know that Charlene would buy actuarially fair insurance but if the insurance company applied a 20% loading fee would Charlene still purchase the health insurance?
Southeast Asia’s online shopping boom is here to stay, even after the pandemic Southeast Asian shoppers will likely continue buying groceries and other essential items online — even after the coronavirus pandemic ends, according to research from consultancy Bain & Company and Facebook. A new report from the two firms said e-commerce and other digital trends across the region were accelerated by the Covid-19 outbreak — the disease that has infected more than 7 million people worldwide. “Some of these trends are here to stay,” Praneeth Yendamuri, a partner with Bain & Company based in Singapore.“One of the trends we identified was essential online shopping, and that’s here to stay,” he told CNBC’s “Street Signs” on Tuesday. He explained that online groceries are a massive category that is relatively underpenetrated due to logistics and other reasons. But the sector grew nearly three times during the outbreak in Southeast Asia, and one in three users who were surveyed said they…
5. 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?
Pisa Pizza, a seller of frozen pizza, is considering introducting a healthier version of its pizza that will be low in cholesterol and contain no trans fats. The firm expects that sales of new pizza will be $20 million per year. While many of these sales will be to new customers, Pisa Pizza estimaes that 40% will come from customers who switch to the new, healthier pizzai nstead of buying the original version. a) Assume cusotmer will spend the same amount on either version. What level of incremental sales is associated with introducing the new pizza? b) Suppose that 50% of hte cusomters who will switch from Pisa Pizza's orignial pizza to its healthier pizza will switch to another brand if Pisa PIzza does not introduce a healthier pizza. What level of incremental sales is associated with introducing the new pizza in this case?
Edwina, a commodities broker, has acquired an option tobuy 1,000 oz of gold at $50/oz. If she takes the option and ifCongress relaxes import quotas, she can sell the gold for$80/oz. If she takes the option and Congress does not relaxthe import quotas, however, the company will lose $10/oz. Edwina believes that there is a 50% chance that the governmentwill relax the quota. She also has the option of waiting untilCongress decides whether to relax the import quota. If sheadopts this strategy, however, there is a 70% chance that someother broker will have already taken the option.a If Edwina is risk-neutral, what should she do? b If Edwina’s utility function for a change x in her as-set position is given by u(x) (10,000 x)1/2, what should she do?
Choose... Y = 820 + 10,000 i m = - 2.42 Y = 1,588 i = 9.85% %3D Y = 608 + 10,000 i Y = 2,300 - 8,800 i m = 5.32 Y = 1,242 i= 6.34% Y = 1,596 i = 8% m= 5.32 Y= 1,242 i= 6.34% %3D Y = 1,596 i= 8% %3D %3D Y = 4,000 - 9,000 i m = 4.22 Y = 1,367 i = 7.55% %3D %3D m = 4.68 Y = 1,742 i = 6.34% %3D Y = 1,508 i = 9% m =- 3.72 Y = 1,694 i= 10.86% %3D
1
Please solve a Suppose that without a seat belt, drivers who travel at 0 m.p.h. (mile per hour) have a 100% chance of staying alive, while drivers who travel at 100 m.p.h. have 0% chance of staying alive. Suppose that with a seat belt, drivers who travel at 0 m.p.h. have a 100% chance of staying alive, drivers who travel at 100 m.p.h. have a 50 % chance of staying alive and drivers who travel at 200 m.p.h. has no chance of staying alive. (a) Suppose a driver prefers more chances of staying alive to less, driving faster than slower. Draw and indifference curve diagram relating safety (measured by chance of staying alive) on the horizontal axis and speed (measured in m.p.h.) on the vertical. Draw the budget constraints of a driver with a seat belt and a driver without a seat belt. (You may assume these constraints are straight lines.) (b) True or False: If speed and safety are both normal goods, then the invention of seat belts will certainly make people drive faster, but might or might…
Suppose that your current happiness is based on your current and past saving levels. Let s refers to the saving that you make each year. And please denote the current time period by t and it goes back to n years before. Define the equation for estimation happiness level. 2.