Calculate utility of person having cognitive-social problems

Assignment Help Business Economics
Reference no: EM13831089

Consider a health utility questionnaire with only 3 domains (physical role, social role, and cognitive health), each of which has two levels (no problem and some problems). A person in perfect health has a utility score of 1.0 and a dead person has a score of 0 or less. Suppose the scoring algorithm is as follows:

*For some physical problem subtract 0.08

*For some social problem subtract 0.29

*For some cognitive problem subtract 0.35

*For 1 or 2 problems subtract 0.14

*For 3 problems subtract 0.40

Calculate the utility of a person having some cognitive problems and some social problems. (Round to 2 decimals)

Reference no: EM13831089

Questions Cloud

What is the ethic of giftedness : What is the “ethic of giftedness”? What values does Sandel argue are realized in embracing this ethic? How would Sandel view uses of technological enhancement that are generally accepted (prosthetics, eyeglasses, etc…)?
Optimistic conclusion-with right legal-procedural safeguards : In "In Praise of Big Brother" (pp. 203-215), James Stacey Taylor argues for the optimistic conclusion that, with the right legal and procedural safeguards, large-scale governance surveillance would have many positive consequences. What are Taylor's b..
Relationship between mankind and technology : In "Final Jeopardy" (pp. 234-242), Stephen Baker expresses an interesting look at the way technology, especially in terms of machines, could dramatically change the relationship between mankind and technology—not just helping us to locate information..
The more progressive the tax system : The so-called "recognition lag" associated with fiscal policy is a result of how slowly the U.S. Congress moves. The Social Security program is a retirement system where payments to retirees come from their previous contributions. The more progressiv..
Calculate utility of person having cognitive-social problems : Consider a health utility questionnaire with only 3 domains (physical role, social role, and cognitive health), each of which has two levels (no problem and some problems).  Calculate the utility of a person having some cognitive problems and some so..
Explain the pros and cons of the self correcting economy : Rather than the short run effects of decreasing government spending, allow a self correcting economy to bring the model back to equilibrium, the government decides to act to eliminate the output gap through monetary policy. Explain how the government..
Firm that has the long-run cost curves : A firm that has the long-run cost curves shown in the graph above would be able to do or have the following, except:
Assume that short-run cost and demand data-marginal revenue : Assume that the short-run cost and demand data given in the table above confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. Refer to the above table and information. If the firm sells 3 units..
Maximize profits the firm will set a price : Refer to the above graph of D and MR for a monopolist. We know that to maximize profits the firm will set a price:

Reviews

Write a Review

Business Economics Questions & Answers

  Coase theorem to produce an efficient equilibrium

A free-market republican argues against the Pigouvian tax by pointing out that the conditions necessary for the Coase Theorem to produce an efficient equilibrium are present in this situation. Assuming that the republican is correct, describe two met..

  Stifling competition and monopolizing the tablet market

Identify a company in your local area that you would classify as a monopoly. Explain why you classified the company as a monopoly, and state how the company relates to at least two characteristics of that particular market.

  Conclude marginal income products for exterminators

Is SPC employing labour and domes in an optimal ratio, assuming that substitution of resources is possible. Elucidate. Conclude marginal income products for exterminators and for domes/pumps employed by SPC.

  1nbspnbspnbsp load the blue spruce light up data latest

1.nbspnbspnbsp load the blue spruce light up data latest file through 2013.extract and specify a model that predicts

  Q1 assume that you are to estimate the costs of eithera

q.1. assume that you are to estimate the costs of eithera project proposal to construct a dam in your local area for

  Q1 cutting the price of a product never increases the

q1. cutting the price of a product never increases the amount of revenue you receive. if we want to increase revenue we

  All firms that teetered on the brink of bankruptcy

Bear Stearns, Lehman Brothers, Merrill Lynch, and AIG were all firms that teetered on the brink of bankruptcy. What was the fate of each? In what ways were their problems similar? How did they differ?

  Explain why a competitive firm should stop producing

Elucidate the reason Explain why a competitive firm should stop producing immediately if the price is lower than the average variable cost.

  What are pros and cons of eliminating the advertising budget

"Looking ahead to next year, the future looks very bleak indeed." The speaker was Sonia Rice, president of Consumer Goods, Inc. "Revenues are projected to be down by 7.3% and our costs (especially fuel and raw materials) are increasing monthly. What ..

  Identify the nature of the value of the network effect

Identify two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And identify the nature of the value(s) of the network effect?

  Q assume that the production function for all countries is

q. assume that the production function for all countries is given by y ak13. assume that the depreciation rate d and

  Illustrate what is revenue raised by government through tax

Market for this commodity is characterized by perfect competition. Government steps in and levies a unit tax of 10 on this commodity. Illustrate what is revenue raised by government through this tax.

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