Prepare a table with columns

Assignment Help Macroeconomics
Reference no: EM131281675

1. This question comes from Getzen (2007) chapter three question 6 page 70.The World Health Organization (WHO) is considering sending a team of experts in to deal withan outbreak of schistosomiasis in a distant country. Sending a larger team will allow them toprevent more fatalities, and they estimate the following effectiveness:

Team Size 0 5 10 15 20 25 30 35 40 45 50
Deaths 1200 500 200 100 60 40 30 25 22 20 20

It costs $5,000 for each team member sent.

(a) Prepare a table with columns: team size, total cost, total lives saved, average cost per lifesaved, marginal cost, marginal lives saved (per 5 team members), marginal cost per life saved.

(b) Suppose saving a life is valued at $10,000. Plot marginal cost per life saved and marginalbenefit per life saved against the total number of lives saved. What is the optimal team size?

(c) Suppose saving a life is valued at $100,000. What is the optimal team size?(d) What size of team gives the most "bang for the buck", i.e. the largest number of lives savedper dollar sent.

Reference no: EM131281675

Questions Cloud

What is the extent to which an employer can monitor personal : Under the Watkins precedent, what is the extent to which an employer can monitor personal phone calls to employees within the ordinary course of business exemption of the federal wiretapping law?
Calculate the rate of steam condensation : The one-pass condenser, heat exchanger shown in the sketch has 64 tubes arranged in a square array with 8 tubes per line. The tubes are 4 ft long and are made of copper with an outside diameter of 0.50 in.
Analyze the components of executive compensation packages : Analyze the components of executive compensation packages to determine which three components are the most essential to attracting exceptional talent. Provide your rationale.
Estimate the pressure drop and the pumping power : Estimate the pressure drop and the pumping power for the water in the heat exchanger, neglecting inlet and outlet losses.
Prepare a table with columns : Prepare a table with columns: team size, total cost, total lives saved, average cost per lifesaved, marginal cost, marginal lives saved (per 5 team members), marginal cost per life saved.
What stood out to you about personality assessment practices : Discuss what stood out to you about personality assessment practices. Reflect on current research trends that utilize this information and how the interpretation of these findings may vary across cultures.
Review the learning resources materials : Review the Learning Resources materials under the Course Resources tab in the left navigation of the course. Explore the resources available, view demos/tutorials and read the guides.
Estimate the rate of steam condensation per unit length : A vertical, rectangular water duct 1 m high and 0.10 m deep shown in the sketch is placed in an environment of saturated steam at atmospheric pressure. If the outer surface of the duct is about 50°C, estimate the rate of steam condensation per uni..
Did the dmh establish that it had a special need : When a governmental agency such as DMH conducts urinary drug tests, are they considered "searches" under the Fourth Amendment?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Example of a cost-based monopoly

The U.S. Postal Service is a monopoly provider of first-class mail delivery (other companies such as UPS and FedEx can deliver packages, but not first-class mail). Do you think this is an example of a cost-based monopoly, or is there some other ex..

  Compute the cross price elasticity with respect to chicken

Compute the cross price elasticity with respect to chicken price, the advertising elasticity and the income elasticity using the information listed

  Computing optimal output and price levels

Tyvex LLC produces professional quality color laser printers. The market for professional color laser printers is monopolistically competitive. Suppoe that the inverse demand curve faced by Tyvex

  Different combinations of dr and pa time

The table indicates that 550 patients per week can be seen using two different combinations of DR and PA time: (50 DR, 40 PA) and (40 DR, 60 PA).

  Why might the market exchange rate change a lot

The country now tightens up on (reduces) its money supply dramatically. The country's product price level is not immediately affected, but the price level gradually becomes lower (relative to what it otherwise would have been) during the next seve..

  Pay off matrix and optimal pricing strategy

You are the manager of a firm that manufacturers front and rear windshields for the automobile industry. Due to economies of scale in the industry

  Calculating current new worth

Basic Concept Involves (Reference and consistent evaluation and analysis to reduce liabilities) Calculating Current New Worth Setting Realistic goal for the following year

  Calculating expected roe

Southwest Physicians, a medical group practice, is just being formed. It will need 2 million dollar of total  assets to generate $3 million in revenues.

  Explanation for marginal production-decision making

The largo Publishing House uses 400 printers and 200 printing presses to produce books.  A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?

  In 2006 congress estimated that the cost of the iraq war

in 2006 congress estimated that the cost of the iraq war was approximately 100 billion a year. since the us govt was

  Labor force participation rate

(A). Determine the impact on each of the following if 2 million formerly unemployed workers decide to return to school full time and stop looking for work:

  How did haiti end up in its present circumstances

Haiti has been labeled with much negative undertones. Ironically, Haiti's past illustrates a different character. In 1804, Haiti became the first independent Caribbean nation and the second independent nation in the western hemisphere only to the ..

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