There are 100 patients who could benefit from a new drug, Tipilor, manufactured by Zifer. Patient i has willingness to pay i, i=1,…,100. Ignore fixed costs and assume marginal cost, c, is constant.

a) What is the profit maximising price and resulting profit?

b) Now assume all patients have insurance which means they only pay 10% of the price as a co-payment. What is the profit maximising price and resulting profit?

c) Zifer sets up a charity to cover the co-payment for poor people. Patients 1, 2, …, 50 are considered poor. What is the profit maximising price and resulting profit?

d) For c = 10, calculate optimal profit in a), b) and c) and conclude whether setting up the charity is profitable.

You are caring for a client who suffers from chronic constipation. He reports drinking an entire bottle of Milk of Magnesia each day to deal with this condition. Which of the following physical manifestations would you anticipate seeing in this patient?

MrT is a 30year old carpenter who has recently recovered from a right shoulder injury. As part of his job, he has to lift heavy building materials overhead and work with his arm held at shoulder height for prolonged periods of time. He now reports difficulty with both of those tasks. He is otherwise healthy and has no other injuries that limit participation in an exercise program. He has come to see you for an exercise program that will permit him to get back to his previous level of function.

1)What parameters of physical capacity do you think need to be improved as part of his program? Name them and justify your response.(3marks)

2)You would like to get an initial outcome measure forMr T’s upper limb muscle endurance. Describe (1) test you would perform and briefly justify your selection.

3)Based on a possible result of your assessment from Question 2, list one (1) short term goal that you could set with Mr T. (1 mark)

4)You decide to give Mr T two (2) exercises that aim to improve his ability to lift heavy building materials overhead. Briefly describe the exercises that you have chosen, list all exercise variables(sets, repetitions, frequency, and amount of resistance) and justify your selections.

Who produces capital, wages and profits from a political economy perspective and how does the control of the surplus ( capital flight and strike, campaign contributions, media and philanthropy) significantly determine the political economy of society ?

(at least 150 words)

A job training program was delivered to 4,000 unemployed youth who were
randomly selected from a pool of 5,000 eligible applicants. The remaining 1,000
individuals did not receive the program. In the treatment group (of 4,000 trainees),
2,500 had a job at the end of the year. In the control group (of 1,000 individuals),
only 500 had a job. The job training program cost $100,000 total. What is the cost
effectiveness of the program?
a. $25 per job obtained
b. $40 per job obtained
c. $50 per job obtained
d. $100 per job obtained
e. $200 per job obtained
f. $500 per job obtained

A household survey in 2017 recorded information on 152 people who were retired from the Australian labour force. Of these, 105 reported government pension or allowance as their main source of income. Calculate a 95% confidence interval to estimate the proportion of all Australian retirees who have government pension or allowance as the main source of income. Give your answers to 3dp:

The lower limit is

The upper limit is

David, who has suffered from ALS for 20 years, is now hospitalized in a private religious hospital on a respirator. He spoke with his physician before he became incapacitated and asked that he be allowed to die if the suffering became too much for him. The physician agreed that, while he would not give David any drugs to assist a suicide, he would discontinue David's respirator if asked to do so. David has now indicated through a prearranged code of blinking eye movements that he wants the respirator discontinued. David had signed his living will before he became ill, indicating that he did not want extraordinary means keeping him alive. The nursing staff has alerted the hospital administrator about the impending discontinuation of the respirator. The administrator tells the physician that this is against the hospital's policy. She states that once a patient is placed on a respirator, the family must seek a court order to have him or her removed from this type of life support. In addition, it is against hospital policy to have any staff members present during such a procedure. After consulting with the family, the physician orders an ambulance to transport the patient back to his home, where the physician discontinues the life support.

II. Define the precise ethical issue. For example, is it a matter of fairness, justice, morality, or individual rights?

III. Identify the major principles, rules, and values. For example, is this a matter of integrity, quality, respect for others, or profit?

IV. Specify the alternatives. List the major alternative courses of action, including those that represent some form of compromise. This may be a choice between simply doing or not doing something.

V. Compare values and alternatives. Determine if there is one principle or value, or a combination of principles and values, that is so compelling that the proper alternative is clear.

VI. Assess the consequences. Identify short-term, long-term, positive, and negative consequences for the major alternatives. The short-term gain or loss is often overridden when long-term consequences are considered. This step often reveals an unanticipated result of major importance.

VII. Make a decision. The consequences are balanced against one’s primary principles or values. Always double-check your decision.

A woman who has recovered from a serious illness begins a diet regimen designed to get her back to a healthy weight. She currently weighs 107 pounds. She hopes each week to multiply her weight by 1.09 each week.

(a) Find a formula for an exponential function that gives the woman's weight w, in pounds, after t weeks on the regimen.

w =

107(1.09)t

(b) How long will it be before she reaches her normal weight of 140 pounds? (Round your answer to two decimal places.)
weeks