Mathematics, 14.11.2019 04:31 elijahsantiago21
Consider a static (one period) economy with identical individuals who earn a wage w = 100 while working and nothing when they don't. with probability 1-p, the workers get injured and cannot work. when injured, the individuals get a workerâs compensation benefit of b = 10 from the government. when working, individuals pay the premium x to the government, which is equal to x = 0.1 * w. assume that the premium is only paid if agents work, and the agents have no other source of consumption in either state. now, letâs consider that workers can control the probability p by making efforts to prevent from getting injuries. specially, they pay the effort cost (p) = p2 or p^2 to determine the injury probability p: i. e., higher p implies lower injury (1- p) but requires larger effort costs. to make calculation easy, assume that individuals utility from consumption c is u(c) = c /100 . moreover, the utility from consumption and the disutility from effort cost are separable, i. e., the effort cost (p) does not enter into u(c).1. formulate workerâs optimal decision problem.2. find the optimal p. what is the expected government expenditure (for worker compensation benefit) and revenue (from the premiums)?
Answers: 2
Mathematics, 21.06.2019 18:20
17. a researcher measures three variables, x, y, and z for each individual in a sample of n = 20. the pearson correlations for this sample are rxy = 0.6, rxz = 0.4, and ryz = 0.7. a. find the partial correlation between x and y, holding z constant. b. find the partial correlation between x and z, holding y constant. (hint: simply switch the labels for the variables y and z to correspond with the labels in the equation.) gravetter, frederick j. statistics for the behavioral sciences (p. 526). cengage learning. kindle edition.
Answers: 2
Mathematics, 21.06.2019 19:40
F(x) = 1/x g(x)=x-4 can you evaluate (g*f)(0) ? why or why not?
Answers: 1
Mathematics, 21.06.2019 20:30
25) 56(1) = 5b a. identity property of addition b. identity property of multiplication c. commutative property of multiplication d. commutative property of addition
Answers: 1
Mathematics, 21.06.2019 21:00
Suppose a gym membership has an initial enrollment fee of $75 and then a fee of $29 a month. which equation models the cost, c, of the gym membership for m months?
Answers: 1
Consider a static (one period) economy with identical individuals who earn a wage w = 100 while work...
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