What risks do they face

Assignment Help Microeconomics
Reference no: EM131523691

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.

Reference no: EM131523691

Questions Cloud

Investors might expect the firm to call the bonds : What is the yield to maturity? when is the latest that investors might expect the firm to call the bonds?
Explain what were standards applied in conducting the audit : What were the standards applied in conducting the audit? (b) Was the audit a Single Audit? (c)How do you know? (d) What reports resulted from a single audit?
Create an influence diagram using precision tree : A dapper young decision maker has just purchased a new suit for $200. On the way out the door, the decision maker considers taking an umbrella.
Which view do you believe is more relevant to organization : Discuss the similarities and differences between the views of performance-based and developmental HRD
What risks do they face : When patients suffered from hemorrhagic fever, M*A*S*H doctors replaced lost sodium by administering a saline solution intravenously.
Describe the three types of knowledge : There are three types of knowledge discussed in the textbook: explicit, implicit, and tacit. Describe the three types of knowledge
Adequate balance of money supply and money demand : As previously discussed, interest rates are critical to the adequate balance of money supply and money demand in the economy.
Construct an influence diagram and a decision tree : Suppose you are planning a party, and your objective is to have an enjoyable party for all the guests. An outdoor barbecue would be the best.
Which types of knowledge is the most difficult for a trainer : Give an example of each of the three types of knowledge based on your position in your organization. Which of the three types of knowledge is the most difficult

Reviews

Write a Review

Microeconomics Questions & Answers

  Briefly describe why the reduction in output is greater

suppose the united states economy is represented by the following equationsz c i g c 500 .5yd t 600 i 300yd y -

  Equilibrium wage and employment if the labor market

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

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?

  Illustrate that any action which includes vote for ones

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

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.

  Engel curves always slope upward

Suppose that an individual allocates his or her entire budget between two goods, food and clothing. Can both goods be inferior? Explain.

  Explain the factors driving change in the industry

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?

  Find out the optimal consumption vector maximum utility of

the preferences of a consumer are represented by the utility function u x 2y12a in the initial situation the prices

  Should the old assembly machine be replaced

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.

  Determine the profit maximizing quantity of labor

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).

  Discuss your data findings and proposed solutions generated

Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data.

  What determinant of demand or supply was involved

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?

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