Question 12 Complete Not graded Remove flag Increased knowledge will result in meaningful changes in behavior. Health messages that cover a number of concepts reach the greatest number of people. Select one: a. Both statements are false. b. Both statements are true. C. The first statement is false; the second statement is true. d. The first statement is true; the second statement is false.

Question 12 Complete Not graded Remove flag Increased knowledge will result in meaningful changes in behavior. Health messages that cover a number of concepts reach the greatest number of people. Select one: a. Both statements are false. b. Both statements are true. C. The first statement is false; the second statement is true. d. The first statement is true; the second statement is false.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Sorry. I did not provide the options. Please answer. The options are 1). The point (70, 50) is very influential and has a large residual.2). The point (70, 50) is very influential but has a small residual. 3). The point (70, 50) is not influential but has a large residual. 3). The point (70, 50) is not influential and has a small residual.
An individual has 40,000 in income per year. The person will get sick with probability 0.1. If he does get sick, the medical bills will total 30,000. The following tables shows the utility derived from certain amounts of income: Income Utility40,000 20037,000 19535,000 19030,000 17020,000 14010,000 100Considering the probability of illness, what is the expected utility of income without insurance? Show your work.
1)Describe an example of moral hazard that we may run into in the real world. Think of something that is legal and not inherently lethal, yet still demonstrates elevated risk for the participant who would likely act safer if insurance or protection was not available. Explain why someone might take this risky action. What are the benefits to the risky behavior? In your response to two of your peers, explain what an insurance company may do to reduce the likelihood that an individual would take this risk. Keep in mind, that we cannot always just deny coverage if an individual is participating in the risky behavior.
before receiving a policy from the insurer, a producer may give an insured a written document as proof of insurance. The document is referred to as a (an) 1. statement of insurance 2. endorsement of insurance 3. binder of insurance 4. manuscript of insurance
QUESTION 48 A recent study demonstrated that when states pass laws mandating that health insurance cover treatment for alcoholism, alcoholism rates in the state as well as alcohol related medical issues and drunk driving increase significantly. This is an example of: A. Adverse selection B. Risk spreading C. Moral hazard D. Opportunism
Who is most risk-averse? a-an individual with slightly diminishing marginal utility. b-all individuals are equally risk-averse. c-an individual with rapidly diminishing marginal utility. d-an individual who does not experience diminishing marginal utility.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Part a and b
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#4. Without a vaccine, there is a 10% chance that Steven will get the coronavirus in 2021. If he gets vaccinated, that risk falls to 1%. Without a vaccines, Steven gets -6000 utils if he gets covid and 0 utils if he stays healthy. Because of side effects, he gets -100 utils from the vaccine if he stays healthy and -6100 if he gets sick anyways. What will Steven do? a. He will get vaccinated b. He will not get vaccinated c. He will get vaccinated if he is risk-averse but not if he is risk-loving d. He will get vaccinated if he is risk-loving but not if he is risk-averse
T or F 10. Equity is one of the principles of the Canada Health Act. 11. Medically necessary services are privately funded in Canada. 12. Adverse selection is a problem of hidden action. 13. Asymmetry of information occurs when buyers and sellers have the same information. 14. Cost-plus pricing will cause a leftward shift in the supply curve for health care. 15. The problem of supplier-induced demand will cause a rightward shift in the supply curve for health care.
Suppose a hot-dog vendor asks your advice for improving the sales. Based on the lecture videos, provide two behavioral suggestions. For each suggestion, explain the behavioral bias that the suggestion is based on. Explain each suggestion in detail and the reasons why it could increase the sales. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.