# His chance of getting yellow f

John is planning to travel to a country where there is some risk of contracting yellow fever.  The direct market price for the medication that prevents yellow fever is \$125.  It would take him 2 hours to visit his doctor and get the prescription filled.  The opportunity cost of his time is \$25/hour.

If he contracts yellow fever we assume that he will be sick and not able to work full days for two weeks.  Under these conditions, let’s assume he can work half days and has no vacation or sick time to use.  His company will not pay him when he is sick and not working.  His out of pocket expenses for medication, doctors’ visits, and lab tests to treat the yellow fever will be \$500.  His normal salary is \$1,000 per week.

John believes that his chance of getting yellow fever without preventative medicine is about 20%.  His chance of getting yellow fever with the medication is 0%.

There is no pain and suffering to be considered in this problem.

What is the maximum price that John would pay for the medication if he has no insurance?

All of the following is the same as the previous problem except now there is a change to the question.  Now, he still has a chance of getting yellow fever with the medication.  The chance of him getting yellow fever if he takes the medication that prevents yellow fever is 10%.  All other facts remain the same from the previous problem:

John is planning to travel to a country where there is some risk of contracting yellow fever.  The direct market price for the medication that prevents yellow fever is \$125.  It would take him 2 hours to visit his doctor and get the prescription filled.  The opportunity cost of his time is \$25/hour.

If he contracts yellow fever we assume that he will be sick and not able to work full days for two weeks.  Under these conditions, let’s assume he can work half days and has no vacation or sick time to use.  His company will not pay him when he is sick and not working.  His out of pocket expenses for medication, doctors’ visits, and lab tests to treat the yellow fever will be \$500.  His normal salary is \$1,000 per week.

John believes that his chance of getting yellow fever without preventative medicine is about 10%.  His chance of getting yellow fever with the medication is 0%.

There is no pain and suffering to be considered in this problem.

What is the maximum price that John would pay for the medication if he has no insurance?

John is planning to travel to a country where there is some risk of contracting yellow fever.  The direct market price for the medication that prevents yellow fever is \$125.  It would take him 2 hours to visit his doctor and get the prescription filled.  The opportunity cost of his time is \$25/hour.

If he contracts yellow fever we assume that he will be sick and not able to work full days for two weeks.  Under these conditions, let’s assume he can work half days and has no vacation or sick time to use.  His company will not pay him when he is sick and not working.  His out of pocket expenses for medication, doctors’ visits, and lab tests to treat the yellow fever will be \$500.  His normal salary is \$1,000 per week.

John believes that his chance of getting yellow fever without preventative medicine is about 20%.  His chance of getting yellow fever with the medication is 10%.

There is no pain and suffering to be considered in this problem.

From a purely economic perspective would John buy the medication?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.