Health economists in Alberta have determined that the following Rational Relation, C(x) x+1300 100-x represents the expected cost, C(x), in millions of dollars, to vaccinate x% of the Alberta population against COVID-19, once a vaccine becomes available and has been purchased by the federal government and distributed to each province. 3 a) Graph the relation on the mathematical domain using Desmos and appropriately label and title the graph. Attach the graph with this submission. b) Simplify the right hand side of this relation to one fraction, fully factored. Clearly show the algebra.
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- A large company in the communication and publishing industry hs quantified the relationship between the price of one of its products and the demand for this product as Price = 160 -0.01 xDemand for an annual printing of this particular product. The foxed costs per year (ie. per printing) = $4T 000 and the variable cost per unit = $35. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 7,000 units per year. The maximum profit that can be achieved is S. (Round to the nearest dolar.) The unit price at the point of optimal demand is S per unit (Round to the nearest cent)Population of Fish in a Lake A lake is stocked with 100 fish. Let f(1) be the number of fish after i months, and suppose that y = f(1) satisfies the differential equation y' = .0004y(1000 – y). Figure 7 shows the graph of the solu- tion to this differential equation. The graph is asymptotic to the line y = 1000, the maximum number of fish that the lake can support. How fast is the fish population growing when it reaches one-half of its maximum population? 1000 800 600 400 200 10 15 Figure 7 Growth of a fish population.Graph of TB & TC from Hours Working: The graph below measures the benefits and costs from working, from the perspective of a worker. The variable Q stands for the number of hours the worker works, such that the horizontal axis measures the hours of work per week. On the assumption that they can choose their hours, the worker estimates a total benefit ( TB) from working according to the equation, TB = 1.335Q. (The value "1.335" might be interpreted as the hourly wage paid to the worker.) The worker estimates their total cost from working with the equation, TC = Q(0.463)+Q²(0.027). (The TC of each Q might be interpreted as including the displeasure of effort and exertion from working Q hours.) It can be assumed that TC > TB for all hours beyond point B (32.3). TB, TC 40 H 30 G 20 D 10 - B 10 20 30 40 Reference: TB & TC of Working The two graphs show the TB and TC estimated by a worker for different hours of working per week. Point A corresponds to 32.3 hours. The NB of 16.15 hours is…
- The following problem consist of two parts. First, a short description of a certain mi- croeconomic situation with assumptions and considerations is presented. Second, two statements are made about the situation. You have to identify whether each statement is true or false and elaborate why you assess each statement the way you do. A factory is situated next to a dormitory for nurses who work night shifts. The factory produces 120 units of humanoid robots a day. The production process is rather noisy, and the nurses often complain that their sleep is disturbed. The following graph depicts the marginal private costs (MPC) and marginal social costs (MSC) of the robot factory production. The robot market is competitive and the market price is £340. Based on this information, which of the following statements are correct? Which are false? Statement 1: At Q = 120, both the factory and the nurses would benefit from the nurses paying a fee less than 120 to the factory to reduce output.…You are given the following information. Which of the statements below can you support with this information?Maximum capacity (labor hours): 480 hours per weekEffective capacity ratio: 85%Actual time worked: 380 hours per week over the last two weeksOn-time delivery %: 75 percent of the jobs are being completed on time a. More capacity needs to be added in the short term to improve performance in the system. b. We need to look at variability in the rate at which jobs enter the shop. c. Our workforce is not working hard enough. d. Our workforce may be waiting on delayed arrivals of inputs needed to do the work. Describe the reasons why you selected the specific option(s) that you did."The effect of measurement error in Y is different frommeasurement error in X". Explain How?
- What does the term “variance analysis mean when applied of financial performance of health care organizations?How is L = 5.5? Please explain extensively9 Use the filtering model to determine the number of high quality (H) and low quality (L) homes at time t. Assume that there are a total of 2,000 homes in the community in time (t-1), of which 40% are high quality and the rest are low quality, the filtering rate is 0.03, and the retirement rate is 0.02
- At what price would a U.S. customer be charged when buying a new BMW? Please do not put a separation comma between every 3 digits. For example, if the answer is 65 thousand dollars, put 65000 in the answer field.With respect to a given product, describe the connection that exists between equalibrium/disequalibrium and prediction. cite an unique exampleWhat is the difference between univariate and multivariate analysis? Give an example for when a univariate analysis might be used and an example of when we use multivariate analysis.