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1. Why have economic analyses of clinical and administrative innovations become more important?
2. A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. Does this analysis adopt a
societal view of costs? Why might this analysis result in a bad managerial decision?
3. Treating a patient with congestive heart failure with tPlex rather than Isother increasesaverage life expectancy to 12.3 years from 11.5 years. The added cost of therapy is $14,000. What is the cost per life year?
4. What does it mean to have market power? Are firms with market power extremely profitable?
5. Why might banning advertising drive up prices?
1. Discuss your top three resources which are "must haves" for a student in your chosen profession (do not forget to provide the proper references for your classmates' benefit). 2. Why are they important to you as both a student and a professional?
Why is are quarterly movements in a country‘s GDP measure so important? What is it called when a country has two successive negative quarters of economic growth?
Explain the difference between a short-run production function. Cite one example of this difference in a business situation Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the margin..
Assume one firm buys another firm. Elucidate what issues might arise as they attempt to merge their respective performance management systems.
Demonstrate the effect of expansionary monetary policy in the AS/AD model when the economy is:
Do you think the argument against redistributing income through income taxes based on reducing economic efficiency is a strong one. Provide an example where a business did not expand because the possible taxes on the profits due to that expansion.
Assume, in a 2-sector model, that individuals earn the following payments from business sector: wages $520, interest $30 rent $ 10 and profits $80.
From a macroeconomic standpoint it would be most desirable to have a decrease in personal consumption expenditures/spending (aggregate spending by the household sector) A. when a recessionary gap exists. B. when an inflationary gap exists. C. durin..
The Bureau of Labor Statistics reported that in January 2000 total labor force was 140,910,000 of a possible 208,782,000 working age adults.
GDP growth is approximately 1.5 percent and has been at that level for two years. Inflation, as measured by both the CPI and GDP deflator has been at approximately 1-2 percent for the last two years.
tom sewell has gathered data on the relative costs of a solar water heater system and a conventional electric water
Missy Walters owns a mail-order business specializing in baby clothes. Missy is confident the dollar amounts of all her orders are normally distributed or nearly so. Assume she knows the mean and standard deviation are $249 and $46, respectively, ..
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