Macroeconomics
11th Edition
ISBN: 9781260506891
Author: Colander
Publisher: MCG
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Question
Chapter 1, Problem 2IP
(a)
To determine
Explain whether there is agreement or disagreement with Landsburg’s agument.
(b)
To determine
Explain cost/benefit analysis can be extended or not.
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Students have asked these similar questions
Suppose an insurance company wants to charge a very healthy individual a premium
of $1,200 a year for health coverage. It also wants to charge a less healthy individual
a premium of $3,600 a year for health coverage. It is seeking to ascertain from any
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health-related information, such as doctor assessments of the person's health,
history of health-related problems, etc. The opportunity cost of a very healthy
person securing a health report is $250 and the opportunity cost of a less healthy
person securing a health report is $650. Of the choices below, how many reports
should the company request to best ensure its paying the right premium to the right
person?
https://www.washingtonpost.com/local/trafficandcommuting/tolling-on-395-express-lanes-starts-sunday-heres-what-you-need-to-know/2019/11/16/07742088-07d4-11ea-818c-fcc65139e8c2_story.html
Using the principles of Opportunity Cost and Rational Decision Making, explain why (or why not) drivers might pay up to $30 to save 30 minutes of travel time during the rush hour.
How much would you pay to use the HOT lane and why?
Regarding the distributive justice hypothesis, I thought utilitarianism was the most persuasive. Utilitarianism holds that when resources and advantages are divided, it is ideal for society's overall enjoyment or well-being to be maximized. This theory contends that resources should be allocated to maximize overall utility while concentrating on the greatest good for the greatest number of people. The fact that it can have a beneficial impact on those around you makes this the most persuasive to me. According to utilitarianism, the best course of action is that which reduces pain or suffering while maximizing overall utility, which is typically associated with happiness, pleasure, or well-being. The focus on enhancing well-being to reach as many people as possible creates a change for more people Although there can be some conflicts and critics that come with it. I found it to be one of the most convincing theories.
please help reply to this discussion post
Chapter 1 Solutions
Macroeconomics
Ch. 1.1 - Prob. 1QCh. 1.1 - Prob. 2QCh. 1.1 - Prob. 3QCh. 1.1 - Prob. 4QCh. 1.1 - Prob. 5QCh. 1.1 - Prob. 6QCh. 1.1 - Prob. 7QCh. 1.1 - Prob. 8QCh. 1.1 - Prob. 9QCh. 1.1 - Prob. 10Q
Ch. 1 - Prob. 1QECh. 1 - Prob. 2QECh. 1 - Prob. 3QECh. 1 - Prob. 4QECh. 1 - Prob. 5QECh. 1 - Prob. 6QECh. 1 - Prob. 7QECh. 1 - Prob. 8QECh. 1 - Prob. 9QECh. 1 - Prob. 10QECh. 1 - Prob. 11QECh. 1 - Prob. 12QECh. 1 - Prob. 13QECh. 1 - Prob. 14QECh. 1 - Prob. 15QECh. 1 - Prob. 16QECh. 1 - Prob. 17QECh. 1 - Prob. 18QECh. 1 - Prob. 1QAPCh. 1 - Prob. 2QAPCh. 1 - Prob. 3QAPCh. 1 - Prob. 4QAPCh. 1 - Prob. 5QAPCh. 1 - Prob. 6QAPCh. 1 - Prob. 1IPCh. 1 - Prob. 2IPCh. 1 - Prob. 3IPCh. 1 - Prob. 4IPCh. 1 - Prob. 5IPCh. 1 - Prob. 6IPCh. 1 - Prob. 7IPCh. 1 - Prob. 8IPCh. 1 - Prob. 9IPCh. 1 - Prob. 10IPCh. 1 - Prob. 11IPCh. 1 - Prob. 12IPCh. 1 - Prob. 13IP
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