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DaniilM [7]
3 years ago
6

A lawnmower manufacturer estimates that the probability of a fatal accident caused by the design of its product is 1/10,000 and

that the value of a life lost is $1 million. The manufacturer can change the design to eliminate that chance for $79 per mower and stands ready to incorporate all cost-justified precautions. The total cost of changing the design for 10,000 mowers is $ 790000 . (Enter your response as a whole number.) Will the manufacturer change the design ("Yes", or "No")? yes What would the benevolent social planner think about the manufacturer's decision if the true probability of a fatal accident is not 1/10,000 but 1/15,000? Given the "true" probability of an accident and the value of a life of $1 million, the expected death cost for 10,000 mowers is $ 100 . (Enter your response as a whole number.) Would the benevolent social planner agree with the manufacturer's original decision ("Yes", or "No")? no
Business
1 answer:
Wewaii [24]3 years ago
3 0

Answer:

790,000, i.e. $79 x 10,000= 790,000 . Yes, the manufacturer should change the design.  666,667 (when it goes from 1/10,000 to 1/15,000).  It is 500,000 (when it goes from 1/10,000 but ​1/20​,000) . No, the benevolent social planner would not agree with the manufacturer's decision.

Explanation:

In the estimates provided by the manufacturer, the total cost of the design is equivalent to  $79 x 10,000= 790,000. There should be an alteration in the design to remove the necessary precautions. If the probability is different from the estimate provided by the manufacturer, the planner will disagree with the decision made by the manufacturer. For example, a change to 1/15000 will make the total cost to be approximately $666,667.

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pochemuha

Answer:

In the year 2020 --- Not taxable Hence -Nil

In the year 2050----Taxable. Hence $5000

Explanation:

Assumed that the tax payer purchased the annuity from Tax paid Income'.

In this case the tax payers income of $5000 is partly taxable . That is the percentage of the payment that's considered a return on your initial investment will not be taxable. the rest, which is your gain on the investment, will be taxed. In this case for the first twenty years($100000/$5000) =20 years will not be taxable. Hence

In the year 2020 --- Not taxable Hence -Nil

In the year 2050----Taxable. Hence $5000

5 0
2 years ago
Is every leader a manager? Is every manager a leader? What skills do managers and leaders share? What skills make them different
anzhelika [568]

Answer:

Managers must cope with a great level of complexity, which is common in information systems. Organizations manage complexity by planning, budgeting, staffing, job clarification, performance measurement, and problem-solving. A leader achieves strategic results by positioning the organization to add value to the campus, leading people to excellence, collective achievement, and fulfillment is no small task, but it is eminently rewarding.

Explanation:

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2 years ago
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Alex787 [66]
The answer is Mediator.
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3 years ago
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madreJ [45]

Answer:

price and quantity variances.

Explanation:

In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

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<h3>What is government?</h3>

Government can be defined as a group of people with the authority to govern a country.

So therefore, because saudi arabia and australia have absolute advantage, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

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