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Question: When patients suffered from hemorrhagic fever, M*A*S*H doctors replaced lost sodium by administering a saline solution intravenously. However, headquarters (HQ) sent a treatment change disallowing the saline solution. With a patient in shock and near death from a disastrously low sodium level, B. J. Hunnicut wanted to administer a low-sodium-concentration saline solution as a last-ditch attempt to save the patient. Colonel Potter looked at B. J. and Hawkeye and summed up the situation. "O.K., let's get this straight.
If we go by the new directive from HQ and don't administer saline to replace the sodium, our boy will die for sure. If we try B. J.'s idea, then he may survive, and we'll know how to treat the next two patients who are getting worse. If we try it and he doesn't make it, we're in trouble with HQ and may get court-martialed. I say we have no choice. Let's try it." (Source: "Mr. and Mrs. Who." Written by Ronny Graham, directed by Burt Metcalfe, 1980.) Structure the doctors' decision. What are their objectives? What risks do they face? Draw a decision tree for their decision.
suppose the united states economy is represented by the following equationsz c i g c 500 .5yd t 600 i 300yd y -
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w, where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
What does "trust" have to do with bioethics? Give examples. If you were trying to convince a patient in a third-world country that a Western, first-world doctor is trustworthy, how would you go about it?
in the system of approval voting each voter may vote for as many candidates as she wishes. if there are three
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year.
Suppose that an individual allocates his or her entire budget between two goods, food and clothing. Can both goods be inferior? Explain.
Analyze the factors driving change in the industry. Are there potential changes due to globalization or technology that might alter this industry? And if so, what are they?
the preferences of a consumer are represented by the utility function u x 2y12a in the initial situation the prices
A high-speed electronic assembly machine was purchased two years ago for $50,000. At the present time, it can be sold for $25,000 and replaced by a newer model.
The firm sells its product at $100 in a competitive market and can hire labor at a constant rate of wage of $50 per unit of time. Capital is fixed at 8,000 units. Determine the profit maximizing quantity of labor (L).
Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.
Why did the wine price go up; what determinant of demand or supply was involved? Why did it come down later? Why was supply inflexible in the short run, but not in the long run?
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