Siegal needs to take pills every month

Assignment Help Business Economics
Reference no: EM1322827

Q. Mrs. Siegal has 2 alternative activities to help relieve her backache. In the 1st, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel also waiting, is 2 hours. Mrs. Siegal earns a wage of $20 an hour. Physiotherapists charge $50 every visit also Mrs. Siegal does not have any health insurance. As a second alternative, Mrs. Siegal can take pain killers. Each pill costs 50 cents also Mrs. Siegal needs to take 30 pills every month. The 2 treatments are not equally effective. The physiotherapy visits yield 10 additional healthy days every month, while the pills yield 6 healthy days.

• a. If Mrs. Siegal can only select one alternative also if she wants to maximize the most healthy days every dollar that she gets, which option will she choose?

• b. If the price of a pill increases to $3, which option will she choose?

Reference no: EM1322827

Questions Cloud

Multiple choice question based on multiple regression : Multiple choice question based on multiple regression - The t value obtained from the table to test an individual parameter at the 5% level
Program to generate professor rating class : Write down the program which generates a Professor Rating class containing of the professor ID and three ratings. The three ratings are utilized to evaluate the easiness, helpfulness, and clarity.
Real interest rate of interest earned by albert in each : Find out the real interest rate of interest earned by Albert in each of the three years also his total real return over the three year period.
Find the estimated regression equation : Multiple choice question based on multiple regression - partial computer output based on a sample of 16 observations and find the estimated regression equation
Siegal needs to take pills every month : As a second alternative, Mrs. Siegal can take pain killers. Each pill costs 50 cents also Mrs. Siegal needs to take 30 pills every month.
Interest in union representation : What are the key factors that led some RAs to have interest in union representation?
Analyzing the database schema : OrderLine (OrderNum, PartNum, NumOrdered, QuotedPrice), Part (PartNum, Description, OnHand, Class, Warehouse, Price), On the basis of code above, list the number and name of all the customers.
Computing mean of single-server queuing system : Entities arrive at single-server queuing system at average of 4 per hour and server can service average of 5 per hour. Mean in the queue is?
Multiple coefficient of determination : From the above function, it can be said that the expected yearly income of and find the multiple coefficient of determination

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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