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Mnenie [13.5K]
3 years ago
14

A farmer lives on a flat plain next to a river. In addition to the farm, which is worth $F, the farmer owns financial assets wor

th $A. The river bursts its banks and floods the plain with probability P, destroying the farmIf the farmer is risk averse, then the willingness to pay for flood insurance unambiguously falls when:________. A) F is higher, and A is lower.B) P is lower, and F is higher.C) F & A are higher.D) P is lower, and A is lower.E) A is higher, and F is lower.
Business
1 answer:
Korolek [52]3 years ago
4 0

Answer:

E) A is higher, and F is lower.

Explanation:

If the farmer is risk averse, he tends to always take the decision which will minimize risk.

His financial assets (A) are not affected by floods, so the higher they are, less likely he will be to pay for flood insurance.

If P is the likelihood of a flood happening, the lower the risk P, then the lower the willingness to pay for flood insurance will be.

If F is lower, then the farmer is unlikely to spend money insuring the farm.

Therefore, analyzing the answer choices, the only that fits the above description is E) A is higher, and F is lower.

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What are the pressure that Lenovo faces for global integration?
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Answer:

cost reduction and standardizing its products globally.

Explanation:

  • Lenovo needs to capitalize on the consumer trends and the universal needs of the products globally and seek to reduce the costs in increasing flexibility, acquire knowledge, scale economies, and improve on the quality of the product and the process that creates them.
4 0
2 years ago
Compose thoughtful answers to the following "developmental difficulties." Explain how you would use your understanding of one of
abruzzese [7]

Answer:

(a) Here the child is going through a Sensorimotor stage of cognitive development in Piaget's stages. A child basically becomes more familiar to the people whom they see and interact everyday as compared to the people whom they meet once in a while. That's the reason why they are resistant towards these people and act differently as they don't feel secure with them. It will take him time to become comfortable. To gain child's confidence and trust it is important to treat him with care and love. To ease out the situation for the child and to make child interactive to the aunt, I would make sure that child sees his parents communicating and interacting with the aunt so that he is not afraid of her.

(b) Here child as per the Erikson's theory is in the stage of Autonomy vs. Shame. In this stage, the children feel that to get Parents attention they have to behave in a certain manner. In this case, I would try to ignore her activities and would make her engage in some other activities of her interest like toys, games or videos.

(c) Infant daughter is in the first stage of development i.e Sensorimotor stage. In this stage according to Piaget newborns explore the surrounding through their senses. There is nothing to worry about this, as it is completely normal. In this case what I can do is to avoid unwanted mouth to object interaction of the things that are injurious to her and will try to convey her that these things are not good through bad facial expressions. Also, till the time child is in this age, I will try to keep the home clean and safe as much as I could.

(d) According to Erikson's stages of development, this stage is called Industry vs. Inferiority stage. The child becomes comparatively more confident and skilled in baseball than mathematics. That's why he focuses on the activity in which he is more comfortable and capable.

In this case, I would encourage him to improve his skills. It is important at this to become friendly to the child and let him do the activities which he likes, otherwise, he will mental pressure. I will give him personal tutoring of maths and at the same to develop his interest in the subject, baseball can be used as a reward. In the meanwhile of studies, we can have an interesting conversation about baseball as well.

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3 years ago
The range rule of thumb roughly estimates the standard deviation of a data set as​ _______.
goblinko [34]
Range is the measure of variation that is very sensitive to extreme values. It is the difference between high and low values, while standard deviation is the standard measure of variation.The range rule of thumb roughly estimates the standard deviation of a data set as s=range/4 , where s stands for standard deviation and
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3 years ago
You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and
Lostsunrise [7]

Answer:

The president realizes that you are acting as a <u>mentor</u> to junior employees.

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A <em>good mentor</em> is characterized by their leadership, knowledge and willingness to help others in their professional development. They are able to effectively transmit their expertise and provide feedback to others on how they can improve.

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