Is this analysis based on opportunity cost or incentives

Assignment Help Business Economics
Reference no: EM132639024

Someone once said that economics tells us that disease should not be 100% eliminated from the earth.

Why would anyone think that disease should not be completely eliminated?

Is this analysis based on opportunity cost or incentives? Explain.

Reference no: EM132639024

Questions Cloud

Types and categories of corrupt activities : List the 4 legal factors that influence a police officer's decision to arrest. List 4 types/categories of corrupt activities.
What is the present worth of the bonus : A project has a first cost of $10,000, net annual benefits of $2000 and salvage value after 10 years of $3000.
What is meant by the substantial steps test : What is meant by the "Substantial Steps Test" under the Model Penal Code? Why was it created and what was the intent?
What is attendant circumstance element of rape : What is the attendant circumstance element of rape and what kind of defense is possible for the accused?
Is this analysis based on opportunity cost or incentives : Someone once said that economics tells us that disease should not be 100% eliminated from the earth.
What is the growth rate of mpkt : Derive the marginal product of capital (MPKt) from the production function. Express the marginal product of capital solely in terms
Function for the cobb-douglas production function : We will find it simpler to work with a production function of one variable, the capital per labor ratio (k = K/L).
How do physical activity help with weight loss : While conducting this research, the Independent Variable (IV) would be physical activity and the Dependent Variable (DV) would be weight loss.
Derive the marginal product of capital : -Derive the marginal product of capital (MPKt) from the production function. Express the marginal product of capital solely in terms of a, Kt, and Yt.

Reviews

Write a Review

Business Economics Questions & Answers

  Compute the costs into us dollars

You want to determine what it is costing you in U.S. dollars. Utilizing the same exchange rates given above, compute the costs into U.S. dollars.

  Describe the sampling distribution of x overbar

According to a certain? survey, adults spend 2.45 hours per day watching television on a weekday.

  What is competitive equilibrium with and without the tax

In a perfectly competitive market for coal, consumers’ benefit function from consuming tons of coal , is given by B(Q)= -.25Q^2+240Q In addition, the coal producer has a cost function given by: ?C(Q) =.1Q^2 +2Q. Suppose the government imposes an ad v..

  How many sailboards will company be able to sell each year

Sailright Inc. manufactures and sells sailboards. Management believes that the price elasticity of demand is -3.0. Currently, boards are priced at $500 and the quantity demanded is 10,000 per year. Show all work in your answers. If the price is incre..

  Forecast impact of this higher inflation on value of dollar

Some observers believe that large U.S. government deficits will lead to higher inflation in the future. If this did happen, how could the PPP theory be used to forecast the impact of this higher inflation on the value of the dollar?

  What is the seasonal-adjusted sales forecast

Demand for a certain product is forecast to be 9600 units for the year 2014. The product follows the seasonal pattern. Based on monthly forecast that were made in 2011, 2012, and 2013 the January seasonal index was calculated to be 1.25. What is the ..

  Operational decision making and provide an example

Include a breakdown explanation of how managers should use CBA information to improve operational decision making and provide an example.

  Define product differentiation

Define product differentiation. Explain how firms use brand management and advertising to differentiate their product. Describe an advertising strategy that you could use to differentiate your movie theater (you must come up with a real-world strateg..

  What is sara equilibrium consumption of x

Given these prices and income, what is Sara's equilibrium consumption of X? Briefly explain your reasoning.

  Calculate the explicit costs-implicit costs-business profit

Rob is working as manager for fax, photo development, and photocopying firm for $25,000 per year (his salary) decides to open her own business. Employee Salaries Supplies Rent Utilities Interest on Bank Loan $45,000 15,000 10,000 1,000 10,000 Calcula..

  Identify the strategy sets of each player

Consider the following game: player 1 chooses from 1 of 3 actions (say X, Y, Z) and player 2 follows by choosing from 1 of 2 actions (say J and K), having witnessed player 1’s choice. Finally, player 1 chooses from 1 of 2 actions (say G and H). For t..

  What is the nash equilibrium in matrix

Develop a game theory matrix that indicates the utility rewards for students that hand in blank and completed exams

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd