Which ran over the tracks of trolley and beneath the bridge

Assignment Help Econometrics
Reference no: EM13231853

a. A 12-year-old boy, while crossing a bridge over the defendant's trolley tracks, swung an 8-foot-long wire over the bridge. The wire touched the defendant's uninsulated trolley wire, which ran over the tracks of his trolley and beneath the bridge on which the boy was walking, resulting in an electric shock that injured the boy, who then sued. If the probability of this occurrence was .00001, and the damage to the boy was $10,000,000, should the court hold the defendant trolley company liable if the cost to insulate the wire underneath the bridge was $150? Why or why not?

b. In part a above, what if the situation was that the industry norm was to insulate at a price of $150, as noted in the question, but that this particular trolley owner had access to a substitute cover material that would have protected the boy from harm at a cost to him of $90. Would he be held liable for the damage to the boy even though the industry norm was to insulate at a cost of $150? Explain.

Reference no: EM13231853

Questions Cloud

Explain solution was made basic with naoh : This converts the nitrogen in the protein to ammonia. The NH3 that formed was distilled and collected into flask containing 50.00mL of .09552 M HCL. The resulting solution was then back titrated, requiring 37.84 mL of 0.05992 M NaOH to reach the p..
Compute accounting cost and accounting profit : She estimates that the total cost of operating the office is approximately $48,000 per year. The potential revenue is estimated as $100,000 per year. Compute accounting cost, accounting profit, conomic cost, and economic profit.
How do you create a 3d array of doubles in c++ : How do you create a 3D array of doubles in C++
Explain what are the odds of finding a particle : What are the odds of finding a particle in a one dimensional box between 0 and L/2, that is L is the length of the box. Assume that the particle is in the second to lowest energy level (n = 2).
Which ran over the tracks of trolley and beneath the bridge : A 12-year-old boy, while crossing a bridge over the defendant's trolley tracks, swung an 8-foot-long wire over the bridge. The wire touched the defendant's uninsulated trolley wire, which ran over the tracks of his trolley and beneath the bridge
What ways itplanning help managers control situation : In what ways does IT planning help managers exercise control in a situation? Does IT impact the truck driver of a company who delivers supplies to its customer
An expansion of an existing restaurant chain : Show how the following events change the discount rate applicable to an expansion of an existing restaurant chain.
Explain heat of fusion of ice at the temperature : The Delta G for the freezing of H2O(l) at -10 Celsius is -210 J/mol and the heat of fusion of ice at this temperature is 5610J/mol
Explain the freezing point of the resulting solution : When 2.45g of an unknown weak acid (HA) with a molar mass of 85.0g/mol is dissolved in 250.0g of water, the freezing point of the resulting solution is -0.258 degrees C.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

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

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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