Suppose That the Cost of Capturing a Cockatoo and Transporting

question 13

Multiple Choice

Suppose that the cost of capturing a cockatoo and transporting him to the United States is about $40 per bird.Cockatoos are drugged and smuggled in suitcases to the United States.Half of the smuggled cockatoos die in transit.Each smuggled cockatoo has a 10% probability of being discovered, in which case the smuggler is fined.If the fine imposed for each smuggled cockatoo is increased to $1,000, then the equilibrium price of cockatoos in the United States will be

• A)$311.11.
• B)$140.
• C)$90.
• D)$70.
• E)$222.22.

---

Definitions:

Patient Care

The provision of services by health professionals to patients, aimed at improving a person's health, relieving their suffering, and addressing their health needs.

Oncology Unit

A specialized department within a hospital that focuses on the treatment and management of cancer patients.

Caregiver's Burnout

A state of physical, emotional, and mental exhaustion that can occur when caregivers do not get the help they need, or if they try to do more than they are able - often affecting those who are looking after a chronically ill or disabled family member.

Schizophrenia

A chronic mental health disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.