User Account

All Pages

Minimum standards for how often safety inspections

Assignment Help Business Economics
Reference no: EM132163931

US Trucking pays its drivers $40,000 per year, while American Trucking pays its drivers $38,000 per year. For both firms, truck drivers average 240,000 miles per year. Truck driving jobs are the same regardless of which firm one works for, except that U.S. Trucking gives each of its trucks a safety inspection every 50,000 miles while American Trucking gives each of its trucks a safety inspection every 36,000 miles. This difference in safety inspection rates results in a different rate of fatal accidents between the two companies. In particular, one driver for U.S Trucking dies in an accident every 12 million miles while one driver for American Trucking dies in an accident every 15 million miles.  

  1. Should the government set minimum standards for how often safety inspections are done? why or why not?

Reference no: EM132163931

Questions Cloud

Assist in caribou population recovery : 1-2 slide containing an ideal 30 year plan to help assist in caribou population recovery - increase caribou populations to stable levels
Slide presentation in face-to-face organizational setting : List and discuss four factors that influence the delivery of an oral and slide presentation in a face-to-face organizational setting.
Explain each of the different stages of a fire : Explain each of the different stages of a fire? what are some examples of protective measures that can be taken to protect assets from fire damage?
Likelihood of becoming the dominant design : What are some of the ways a firm can try to increase the overall value of its technology and its likelihood of becoming the dominant design?
Minimum standards for how often safety inspections : Should the government set minimum standards for how often safety inspections are done? why or why not?
Discuss the technical skills of employees : Discuss the technical skills required to have a CSIRT response team consisting of employees with other job duties (i.e., not a full-time CSIRT job category)?
Disadvantages in group you worked with recently : Discuss whether you have observed any of these advantages/disadvantages in a group you worked with recently.
Describe how each could impact integration : Select three issues from the "Issues That Make Forecasting the Future Difficult for Industries and Governments" from Chapter 7 of the Cortada textbook.
The way some employees lead meetings : Your boss is unhappy at the way some employees lead meetings and also at the way some employees behave in meetings.

Reviews

Write a Review

Business Economics Questions & Answers

  Externalities that result from the use of fossil fuels

Why do we policies in place to correct for externalities that result from the use of fossil fuels but not for externalities that result from the color yellow or country music (or pick something you dislike that isn't taxed)?

  Confidence interval for the proportion of adults

(a) Construct a? 99% confidence interval for the proportion of adults from the Midwest who say traffic congestion is a serious problem.

  Impact of a tax cut in an economy operating

What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates.

  Criterion for additional lending

Suppose an international development bank is deciding whether to use the head-count index or the poverty gap to measure the effects of a countrys poverty

  About the monopolistic firm

If a monopolistic firm (price searcher) can sell 9 units at a price of $100 each but must reduce its price to $80 in order to sell 10 units, then

  The export supply curve for particular country is the

The export supply curve for a particular country is the

  How much is its total profit including subsidy

A firm’s total cost function is TC = 2q^2 + 5q + 10 . The firm is a price taker and the market price for its product is $25. The firm also receives a subsidy from the government because it is operating in a high tech industry and the government encou..

  Small ice cream stand on campus called ice-campusades

Imagine that you have decided to open a small ice cream stand on campus called "Ice-Campusades." You are very excited because you love ice cream (delicious!) and this is a fun way for you to apply your business and economics skills! Use your knowledg..

  Compute its ddb depreciation schedule

Compute its DDB depreciation schedule. Assume any remaining depreciation is claimed in the last year.

  Effective macroeconomic tool to manage the economy

Assume a perfectly competitive firm is currently producing 5,000 units of output and is earning $15,000 in total revenue. The corresponding average total cost is $3.50 and total fixed costs equal $1250. Based on this information, should this firm con..

  Per-worker production and capital depreciates

Assume that a country's per-worker production is y = k1/2, where y is output per worker and k is capital per worker. Assume also that 10 percent of capital depreciates per year (δ = 0.10).

  Calculate the company disbursement float

a. Calculate the company's disbursement float, collection float, and net float. b. How would your answer to part (a) change if the collected funds.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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