1. For any good that could potentially be provided by a private firm, the degree of rivalness can be measured by the rivalness ratio SMC/AC. a.[5] How must SMC be defined in order for this rivalness ratio to be able to measure the rivalness of goods that are purely private and also goods that are shareable and nearly purely public? Explain. b.[7] Describe two different benefits of using the rivalness ratio instead of using the SMC of a good to measure the rivalness of that good. c.[5] What is the most likely reason that during a typical three year period the private marginal cost of electricity production fueled by burning coal averages about half of the average cost? d.[12] Use information from the N4 notes, from class and from part c to give your best estimate of the rivalness ratio of each of the following goods. Justify your estimate and explain why it uses the definition of SMC you gave in part a: (d1) an iPhone X during the year that started on February 20, 2017 (about half a year before commercial production of the iPhone X started) and ended on Feb. 20, 2018; (d2) an ebook during a one year period starting 2 months before it can first be downloaded; (d3) electricity produced by burning coal in the US during a 3 year period.

QUESTION 5

1. Which of the following statements is true about price ceilings?

   		price ceilings create surpluses for goods but shortages for services.
   		Price ceilings cause goods to be rationed by some other means than legally determined market prices.
   		Ration coupons are the only way to ration goods when price ceilings are in place.
   		All of the other statements are correct.

QUESTION 6

1. Which of the following statements is correct?

   		Frictional unemployment is the result of friction between labor and management over how best to perform work.
   		Structural unemployment is unemployment resulting from changes in the structure of consumer demand or technology.
   		Cyclical unemployment is also called wait unemployment because this unemployment depends on the timing of the business cycle.
   		Search unemployment is the broadest unemployment category because it covers all other types of unemployment.

QUESTION 7

1. The economic performance in the Great Recession of 2007–2009 clearly illustrated the relationship that if interest rates fall, then investment spending will increase.

   True

   False

QUESTION 8

1. The law of demand states that if price increases, other things being equal, the demand for the product will decrease.

   True

   False

Apply the Lagrangian formalism to obtain y(t) for the case of an object falling near the surface of the earth under the influence of gravity alone.

Take the initial velocity to be downward with a speed of v0 and take the initial position to be y0. Let downward be the positive y-direction.

DATA TABLE

A report States that the cost of repairing a hybrid vehicle is falling even while typical repairs on conventional vehicles are getting more expensive. The most common hybrid repaired replacing the hybrid Inverter assembly had a mean repair cost of 3927 in 2012. Industry experts suspect that the cause will continue to decrease given the increase in a number of technicians who have gained expertise on fixing gas electric engines in recent months. Suppose a sample of 100 hybrid inverter assembly repairs completed in the last month was selected. The sample mean repair cost was $3780 with a sample standard deviation of $600. Complete parts A and B below.

a. is there evidence that the population mean cost is less than $3,927? (use a 0.05 level of significance)
state the null and alternative hypothesis.

-find the test statistic for this hypothesis test.
(round to two decimal places as needed)

-The critical value for the test statistics is/are...
(round to two decimal places and use commas to separate answers)

b. determine the p-value
(round to three decimal places as needed)

matlab

use matlab to calculate the velocity of the vertical falling ball (v) as a function of time by numerical
derive the following measurement values.(x is height in meters and y is the landing time in milliseconds) Make sure that the speed in the starting point is 0. Then reset
instantaneous velocity as a function of time in a diagram with matlab

x=[0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.50 2.00 2.50 3.00 3.40 3.80 4.20 4.60 5.0]

y=[[0.00 1.620 2.937 3.635 4.217 4.800 5.377 6.013 7.226 8.259 9.219 9.999 10.751 11.455 12.170 12.882]

please write the matlab code with explaination so i can understand it better, thankd in advance!!

Suppose the price of oil is falling due to a drop-off in demand during the Covid19 crisis. Explain what a group of oil-producing nations (like OPEC) that control a significant amount of the world's oil supplies could do in order to keep prices (and hence profits) high. Use your own words to explain that.

The client is a 98-year-old female, admitted to the ER as a result of falling down her stairs. She has been diagnosed with rheumatoid arthritis, a fractured hip and a sprained arm. She has been moved to the ICU and will have a total hip replacement tomorrow. Lorazepam 1mg IV times one dose has been ordered.

• Describe the four elements of the pre-operative check list: identify the nurse’s priority assessments, diagnostics, and anticipated medical orders?
• What potential complications does the nurse need to assess before and after giving the Lorazepam?  
  • If Lorazepam comes in 2mg/1ml, how many ml does the nurse need to administer?  
• Your client is now post-op and has an order for an anticoagulant. The order is for Enoxaparin 40mg BID. Provide the rational for using this medication versus Heparin?
• Describe postoperative priority assessments for your client given her age, surgery and history.
• Discuss any nonpharmacological treatments that can be used instead of narcotic pain medications and identify if there are any contraindications given the client’s comorbidities.

A report states that the cost of repairing a hybrid vehicle is falling even while typical repairs on conventional vehicles are getting more expensive. The most common hybrid​ repair, replacing the hybrid inverter​ assembly, had a mean repair cost of

​$3 comma 9273,927

in 2012. Industry experts suspect that the cost will continue to decrease given the increase in the number of technicians who have gained expertise on fixing​ gas-electric engines in recent months. Suppose a sample of

100100

hybrid inverter assembly repairs completed in the last month was selected. The sample mean repair cost was

​$3 comma 8603,860

with the sample standard deviation of

​$300300.

Complete parts​ (a) and​ (b) below.

a. Is there evidence that the population mean cost is less than

​$3 comma 9273,927​?

​(Use a

0.050.05

level of​ significance.)

State the null and alternative hypotheses.

H0​:

muμ

▼

not equals≠

greater than or equals≥

greater than>

less than or equals≤

less than<

equals=

​$nothing

H1​:

muμ

▼

equals=

greater than or equals≥

greater than>

less than<

less than or equals≤

not equals≠

​$nothing

​(Type integers or​ decimals.)

Find the test statistic for this hypothesis test.

test

statisticequals=nothing

​(Round to two decimal places as​ needed.)

The critical​ value(s) for the test statistic​ is(are)

nothing.

​(Round to two decimal places as needed. Use a comma to separate answers as​ needed.)

Is there sufficient evidence to reject the null hypothesis using

alphaαequals=0.050.05​?

A.

RejectReject

the null hypothesis. There is

sufficientsufficient

evidence at the

0.050.05

level of significance that the population mean cost is less than

​$3 comma 9273,927.

B.

Do not rejectDo not reject

the null hypothesis. There is

insufficientinsufficient

evidence at the

0.050.05

level of significance that the population mean cost is greater than

​$3 comma 9273,927.

C.

RejectReject

the null hypothesis. There is

sufficientsufficient

evidence at the

0.050.05

level of significance that the population mean cost is greater than

​$3 comma 9273,927.

D.

Do not rejectDo not reject

the null hypothesis. There is

insufficientinsufficient

evidence at the

0.050.05

level of significance that the population mean cost is less than

​$3 comma 9273,927.

b. Determine the​ p-value and interpret its meaning.

The​ p-value is

nothing.

​(Round to three decimal places as​ needed.)

What does this​ p-value mean given the results of part​ (a)?

A.The​ p-value is the probability that the actual mean cost is

​$3 comma 8603,860

or less.

B.The​ p-value is the probability that the actual mean cost is

​$3 comma 9273,927

or less given the sample mean cost is

​$3 comma 8603,860.

C.The​ p-value is the probability that the actual mean cost is more than

​$3 comma 8603,860.

D.The​ p-value is the probability of getting a sample mean cost of

​$3 comma 8603,860

or less if the actual mean cost is

​$3 comma 9273,927.

Jerome claims to have injured himself as a result of falling from the icy stairs of Tabaret hall due to snow being not properly removed after early snowfall and low temperatures in mid-November in Ottawa. As a result of the bad fall, Jerome will not be able to work for a while and will need to undergo surgery to repair a broken hip. Jerome, upon suggestion of his private insurance, is suing the subcontractor in charge of snow removal for negligence because, despite the snowfall was predicted by the weather forecast several days in advance, no shoveling or salting took place for two days after the first snowfall. Jerome is asking for damages of $1.5 million considering both the loss of working days, the decreased quality of life, and the high costs of surgery/hip replacement. As a result of some initial negotiation Jerome offered to accept a settlement of $750 thousand. Snowclear, the snow removal contractor, thus has a few options: One is to accept the settlement and pay Jerome the agreed $750 thousand. Snowclear lawyers are also suggesting an alternative approach consisting in a counter-offer of $400 thousand in the hopes he will accept a lesser sum in order to avoid lengthy and costly process of a full-fledged trial.

However, Jerome strongly believes in his case and might still decide to refuse the counter-offer and let the judge and jury decide the proper sum to be paid (if any) by Snowclear during a trial. More specifically, Jerome can react in one of three ways: (1) accept the counteroffer of $400 thousand, (2) reject the counteroffer and take the case to court for a full trial where jury will decide, (3) Jerome himself will make a counteroffer of $600 thousand for settlement. If (3) happens then it will be Snowclear’s call on whether to accept such counteroffer and pay Jerome the $600 thousand or go to trial. If the case goes to trial there are three possible outcomes: (1) the jury may reject Jerome’s claim and Snowclear will owe nothing, (2) the jury will award Jerome the $750 thousand agreed upon during initial negotiation between the parties, (3) the jury will conclude that Jerome has a strong case and sentence Snowclear to pay him the full $1.5 million Jerome initially requested.

Key considerations when preparing Snowclear’s strategy on how to handle the situation are the probabilities associated with Jerome’s response to the counteroffer of $400 thousand, and the probabilities associated with the three possible outcomes for the trial. Based on historical cases similar to Jerome’s, Snowclear’s lawyers estimated that he will accept the counteroffer of $400 thousand with a probability of 0.10, that the probability of Jerome rejecting the counteroffer of $400 thousand is 0.40, and that the probability of Jerome himself making a counteroffer of $600 thousand is 0.50. If the case goes to trial they believe that the jury will award Jerome the full damage of $1.5 million is 0.30, the probability that the jury will award Jerome $750 thousand is 0.50, and the probability that the jury will award Jerome nothing is 0.20.

Perform an analysis of the problem facing Snowclear and its legal department and prepare a report that summarizes your analyses and final recommendations. Please include:

1. A decision tree modeling the problem

2. A recommendation on whether to accept Jerome’s initial offer of settlement for $750 thousand

3. A decision strategy that Snowclear should adopt if they decide to go ahead with their counteroffer of $400 thousand