1)How do you go from many midpoint indicators to one endpoint indicator in LCIA, for example to DALY for different consequences for human health effects? Choose one option: 1-Uses characterization factors to convert from midpoint to endpoint. 2-Takes average of the various midpoint indicators. 3-Weights the different midpoint indicators. 4-Summarizes the endpoint indicators.
Q: Superiority of Robbins' Definition of economics is rightly called the " Superiority of Robbins' Defi...
A: Answer: Robbins dismantled the old economic structure focused on material welfare and built a new on...
Q: MIXED STRATEGY NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 18,2 80,60 a...
A: Mixed strategy Nash Equilibrium is when Player 1 chooses his/her strategy with a particular probabil...
Q: given this payoff matrix what should SA and V choose to do? is there a prisoners dilemma? Qon 3m 744...
A: Given Pay off matrix
Q: Whichofthefollowingstatementsis(are)correct? (x) A payroll tax is a tax on the wages that a firm p...
A: A payroll tax is a tax that the firm levies on workers for social security purposes. It is directly ...
Q: plicies to lower the natural rate of nemployment include mandated prison sentences for drug dealers....
A: Natural rate of unemployment includes the structural and frictional unemployment. There are sufficie...
Q: Analyze whether the following statements based on the 3 components in deriving the AS curve are true...
A: False Even if the economy would rise and there is a rise in the aggregate demand and supply, then it...
Q: Compare and contrast the Bretton Woods system's assumptions with the Washington consensus.
A: Bretton woods system: If we consider the monetary system on the international level then the Bretton...
Q: Suppose that there are two firms in a market, firm 1 and firm 2. The market is declining in size. Th...
A: Introduction Initially there are two firms in the market. The game will start at period 0 and goes o...
Q: # 1 An electric cooperative is considering the use of a concrete electric pole in the expansion of i...
A: Engineering economics can be defined as the study of economic cost and benefit analysis of different...
Q: Define privatization in 30 to 40 words. The definition should be strong and in your own words. Thank...
A: Answer: Introduction: As we know that the word privatization is considered as the process of not inv...
Q: Which best describes producer surplus? O a. The profits made by a firm O b. The difference between t...
A: "As per the guidelines answer is provide to the first question": "Producer surplus indicates the di...
Q: The demand for goods of an industry is given by the equation PQ = 100, where p stands for %3D price ...
A:
Q: Multiple choice - microeconomics 45) Refer to Figure 13-2. What does the changing slope of the to...
A: 44) In short run, there is at least one fixed input and some variable inputs but in the long run, th...
Q: How do comparative advantage and absolute advantage differ? Absolute advantage means more can be ma...
A: International trade is the exchange of commodities and services among countries throughout the world...
Q: Bobby has heard the importance of saving early for retirement. He wants to retire in 35 years. But h...
A: Given, Monthly Savings : $600 (PMT)Time to retire : 35 yearsTime to start savings : Now i.e 0Time r...
Q: 1. Emily recently graduated with a B.A. in economics and was offered a job with a small but growing ...
A: Given: Emily's earning is = $38,400 per year Emily inherited = $60,000 The interest per year = 5% He...
Q: There are only two views of advertising: informative and persuasive.
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...
Q: A company is considering the purchase of a generating set to supply the electrical needs of his offi...
A:
Q: The statement "government should provide affordable health care coverage for every member of society...
A: In economics, we can undertake statements in two manners. One in which they are based on facts and r...
Q: Assume that the annual rate of inflation is expected to be 4 per cent per annum for the next five ye...
A: When a currency's value decreases over time, it is called inflation. Over some time, an economy's av...
Q: 1. What is a Giffen good and what is a Veblen good? What are price and income elasticity of demand o...
A: The explanation for Griffin goods and vablen goods is as follows:-
Q: 3. Larry was accepted at three different universities and must choose one. Elite U costs $50,000 per...
A: Opportunity cost is the sum of value forgone in order to get another opportunity against choosen one...
Q: In its 2021 Budget, the Canadian federal government estimated that for the fiscal year 2021-22, its ...
A: In the fiscal year 2021-22 canadian deficit would be less than half of what it was in the fiscal yea...
Q: Answer the following: 2. Which of the following is the MOST valid assumption about money? * A. Mon...
A: Introduction 2) The most valid assumption about money is option A) Money alters individuals percepti...
Q: Consider the two period consumption savings problem faced by an individual whose atility is defined ...
A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...
Q: The optimal level of production for any company is the level of production that either maximizes pro...
A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process. Tot...
Q: REFLECTION PAPER: IMPACT OF GLOBALIZATION ON HOW PEOPLE COMMUNICATE, AND VICE VERSA
A: The effect of Globalization on How People Communicate and Vice Versa
Q: What is the Need for Integrating Macro and Micro economics?
A: Answer: It should be stressed that none of the two methodologies discussed above can effectively ass...
Q: In the COMPLEX AD/AS model assume actual real GDP is $19.2 trillion, the price level (GDP Deflator) ...
A: In the AD-AS model, equilibrium occurs at the intersection of AD and AS curves.
Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a m...
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...
Q: Explain Net present value with the formula.
A: Net Present Value Net present value basically refers to the difference between the current worth of ...
Q: EJ has plans to open some pizza restaurants, but he is not sure how many to open. He has prepared a ...
A: The Criterion of Realism decision rule attempts to find the balance between total risk aversion and ...
Q: according to wray, why must the government spend before it collects taxes? Do taxes ans bonds financ...
A: Bonds is the instrument that is used for lending purpose. It is inversely related to the price of th...
Q: Review absolute and comparative advantages. Personal private property protection allows for greater...
A: Absolute and comparative advantage are two important concepts in the field of international trade.
Q: 4. Consider the following strategic environment involving a firm manager (Manager) and two workers (...
A: Given, One ManagerTwo Players : Worker 1 and Worker 2Both Workers have the same strategies : Work h...
Q: Suppose that you are a bank with the following: • $200 of capital, and $2,000 of deposits. In this e...
A: Require Reserve (7%) = 7% of Deposit = 0.07 * 2000 ...
Q: A consumer is faced with the following utility function, U(x1 x2)=(xp1 1+xp2)1/p, where 0<p<1. The c...
A:
Q: 1. Why do employers typically pay for specific skills? These skills only work with one employer, thu...
A: Job-specific talents are the skills that allow a job applicant to excel in a given role. Some skills...
Q: What lump sum of money must be deposited in a bank account at present time so that Php 500 per month...
A: The amount of cash which in the event that contributed now at a given pace of accruing funds will am...
Q: Define privatization in 30 to 40 words. The definition should be strong and in your own words. Thank...
A: Private sector is defined as that sector of the economy which is owned by private individuals or pri...
Q: A manufacturer produces three products A, B and C which he sells in two markets. Annual sales volume...
A:
Q: Define privatization in 30 to 40 words.
A: Privatization means:
Q: 2. Find Hicksian demand by duality for utility function: u(x1,x2) = 2/x, + 4/x2
A: Total utility means the level of satisfaction that a consumer gets by consuming the different units ...
Q: Many changes are affecting the market for oil. For example, Cars are becoming more fuel efficient, a...
A: The market for oil is the place where suppliers enter to sell oil, and households and other business...
Q: You are running a chocolate factory and need to decide on the price to sell the chocolate as well as...
A: Profit maximiser firms decide to charge price and output determination is set when marginal cost and...
Q: San Jose Mercury News, March 31, 2020: "As classes go online, students want Stanford to lower tuitio...
A: The explanation for whether the students must be given discounts or not is as follows:-
Q: b2 b1 4,20 10,2 a1 9,14 6,28 a2 1-п-о 12,4 8,6 a3 1-T The Equilibrium Existence Theorem guarantees t...
A: Mixed strategy games are those in which players choose any strategy based on a probability distribut...
Q: How do economic forces facilitate the deepening of globalization?
A: Globalization, is the course of communication and joining among individuals, organizations, and stat...
Q: a. Classify each project as either simple or nonsimple. b. Use the quadratic equation to compute * f...
A: Given:
Q: Consider an economy that lacks any safety regulations. After a review of various incidences of workp...
A: a) Many economic transactions take place in an environment of imperfect information, in which either...
11)How do you go from many midpoint indicators to one endpoint indicator in LCIA, for example to DALY for different consequences for human health effects?
Choose one option:
1-Uses characterization factors to convert from midpoint to endpoint.
2-Takes average of the various midpoint indicators.
3-Weights the different midpoint indicators.
4-Summarizes the endpoint indicators.
Step by step
Solved in 3 steps
- Select and analyze 1 determinant of health within the concept of its impact to the U.S. healthcare system. Describe the healthcare demand and supply as it relates to your chosen determinant. What will be your recommendation on how to reduce or eliminate this determinant? Ensure that you integrate economic terms, frameworks, and models throughout your review..What are some of the metrics economists use to measure health outcomes?8. Cost-benefit & Cost-effectiveness analysis Given the information below, answer the questions that follow. Effectiveness 4 life-years gained 10 life-years gained Current Treatment New Treatment Cost $100,000 $250,000 A. Calculate the ICER for the new treatment, assuming that the new treatment would replace the old one. Should the new treatment be adopted? Why? B. Calculate the cost effectiveness for both current and new treatments. (Hint: use the ratio of costs over benefits)
- Identify/name at least three (3) e-health programs in the Philippine government that uses health information system. How they used these e-health programs?Identify three (3) “utility” in the dentistry field. Explain the significance of your Knowledge on it.Please no written by hand and no image How do you do this in excel? Suppose you are collecting data from a country like Japan where the government sets the price of health care. Each prefecture in Japan has a different set of prices (for example, Tokyo has higher prices than rural Hokkaido). Data for 1999 is displayed in Table 2.12. Table 2.12. Outpatient utilization in Tokyo and Hokkaido, 1999. RegionOut patient visitsPrice/visitsTokyo1.25/months20Hokkaido1.5/months10 A) What is the arc price elastic of demand for health care consumers in Japan (using only this data)? B) Suppose that incomes are generally much higher in Tokyo than Hokkaido. Is your answer to the last question an overestimate or underestimate of price elasticity? Justify your answer. [Hint: It may be helpful to plot the data points from Table 2.12 and consider likely demand curves for Tokyo and Hokkaido.] C) Using your estimated elasticity, what would the demand for health care be if the price in Tokyo were raised to…
- 1. Using three (3) illustrations, explain the concepts of disparities in health determinants and health outcomes. 2. In economics, efficiency is a critical concept in assessing the most effective utilization of resources. Discuss three types of economic efficiencies. Can efficiency reduce disparities in health determinants and health outcomes? If so, how? 3. Beyond efficiency, discuss four (4) ways the concepts of ethics and equity are applied to address health disparities.Fun with cost-sharing. An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. (a) Draw a set of axes with list price PL on the y-axis and quantity Q on the x-axis (you will want to make your graph nice and big, because we will be adding several demand curves). Suppose a consumer's demand for a particular medical procedure is as follows: Q = 100 - PP. Draw her demand curve in PL - Q space under the assumption of no insurance and label it D1. You will have to think about the relationship between PL and PP to draw it correctly. Now assume the same consumer is fully insured. Think about how this affects the relationship between PL and PP and draw a full-insurance demand curve in…Fun with cost-sharing. An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. (a) Draw a set of axes with list price PL on the y-axis and quantity Q on the x-axis (you will want to make your graph nice and big, because we will be adding several demand curves). Suppose a consumer's demand for a particular medical procedure is as follows: Q = 100 - PP. Draw her demand curve in PL - Q space under the assumption of no insurance and label it D1. You will have to think about the relationship between PL and PP to draw it correctly. Now assume the same consumer is fully insured. Think about how this affects the relationship between PL and PP and draw a full-insurance demand curve in…
- explain why health economics is an important tool when it comes to managing health care resources, comparing cost with effectHow do economic evaluations in Healthcare inform policy and other decision makersDefine the roles of the Chief Information Officer (CIO) and Chief Technology Officer (CTO) in health-care businesses. Make one (1) suggestion on how they can apply their knowledge to improve employee and patient satisfaction. Provide examples of such expertise in action to back up your claim.