Consider sanitizer is a complementary good for a face mask, while face powder is a substitute good for the face mask. What happen to the demand and supply of sanitizer and face powder during the pandemic? Illustrate and explain your answers with the help of diagrams/graphs.
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Consider sanitizer is a complementary good for a face mask, while face powder is a substitute good for the face mask. What happen to the demand and supply of sanitizer and face powder during the pandemic? Illustrate and explain your answers with the help of diagrams/graphs.
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- Questions 1 through 6 will ask you to consider the market for antibiotics. On November 23, 2022, the New York Times published a story titled “Flu and R.S.V. Hit the Holidays, Heightening Demand for Antibiotics and Antivirals”. You do not have to read the story to understand the setup of these questions. Please, carefully read each question to understand when these changes are introduced into the initial scenario. Here is what you should focus on to complete your analysis. For this analysis, assume the antibiotic market is perfectly competitive, demand is downward-sloping, supply is upward-sloping, and production technology results in traditional U-shaped MC, ATC, and AVC Finally, for all questions, assume market price is always greater than the minimum of the AVC You will be using the same graph in all questions that require a graph (Questions 1, 3, and 5), with each question asking you to add new elements to the graph as part of your analysis. QUESTION 2- Please refer to your…Read the following article and then answer the questions that follow: Without question, the most important positive action you can take to prevent illness and disease is exercise. Exercise prevents a long list of diseases that can cause chronic or severe illness, disability, and even death, including cancer, heart disease, stroke, high blood pressure, vascular disease, diabetes, obesity, and osteoporosis. Exercise also prevents mental health illness and disease disorders, including depression, anxiety, and stress. While some of these disease processes can be reversed with exercise and healthy life-style, some cannot. Preventing them from starting is the number one goal. The most negative lifestyle behaviour is smoking. Smoking contributes to the development of almost all diseases, notably cancer, heart disease, high blood pressure, high cholesterol, diabetes, and asthma. Smoking has the following negative health effects: lowers immunity, making you more likely to get bronchitis,…Create a graph that best describes how the COVID-19 pandemic affected the US economy.
- Please accompany each graph with a brief explanation. Thank youThe Centers for Disease Control and Prevention (CDC) recommended against vaccinating the whole population against the smallpox virus because the vaccination has undesirable, and sometimes fatal, side effects. Suppose the accompanying table gives the data that are available about the effects of a smallpox vaccination program. Percentage of population vaccinated Deaths due to smallpox Deaths due to vaccination side effects 0% 200 0 10 180 4 20 160 10 30 140 18 40 120 33 50 100 50 60 80 74 a. Calculate the marginal benefit (in terms of lives saved) and the marginal cost (in terms of lives lost) of increasing the percentage of the population vaccinated from 20% to 30%. In addition, calculate the net increase in human lives. MB: lives saved MC: lives lost Net benefit: lives saved b. Using marginal analysis, determine the optimal percentage of the population that should be vaccinated. Optimal percentage:…If consumers discovered that the product had a negative effect on health, how would the likely response be reflected in the graph? a. Neither curve would shift. b. The demand curve would shift to the right. c. The demand curve would shift to the left. d. The supply curve would shift to the left.
- II. Pick any two (2) personal care product brands available in the market and answer the following questions and briefly explain why for each: Does it solve a need or problem? Is it easy to use? Is it physically well designed? Does it do well with a minimum amount and effort? Is it tailored to your customers?Prompt- Questions 1 through 6 will ask you to consider the market for antibiotics. On November 23, 2022, the New York Times published a story titled “Flu and R.S.V. Hit the Holidays, Heightening Demand for Antibiotics and Antivirals”. You do not have to read the story to understand the setup of these questions. Please, carefully read each question to understand when these changes are introduced into the initial scenario. Here is what you should focus on to complete your analysis. For this analysis, assume the antibiotic market is perfectly competitive, demand is downward-sloping, supply is upward-sloping, and production technology results in traditional U-shaped MC, ATC, and AVC Finally, for all questions, assume market price is always greater than the minimum of the AVC You will be using the same graph in all questions that require a graph (Questions 1, 3, and 5), with each question asking you to add new elements to the graph as part of your analysis. QUESTION 1- Assume that…Why do we use mind mapping
- There are many ways to define and measure the benefits and costs that go into the GPI. How do you think a person with a biocentric worldview would measure these differently from a person with an anthropocentric worldview? Whose GPI for the year 2005 would likely be higher?Alongside rising premiums, some towns face higher deductibles, and the removal of some coverage, including environmental impairment and cyber. Essex County's deductible rose to C$100,000 per occurrence last year, from C$25,000 previously. What would be the effects of higher premiums on the MB and MC schedules for insurance. Note you may want to draw a diagram to help you answer this question. Note that decreases and increases refer to shifts in the MB and MC cost curves; Unchanged means that a curve does not shift. Group of answer choices MB unchanged; MC unchanged MC increases; MB unchanged MB increases; MC unchanged MB decreases; MC increasesHow can you use surveys, experiments and observational studies to make inferences about apopulation?