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Minnesota and Tennessee, among other states have recently began to tax the sale of health care providers such as hospitals and physicians. Analyze the incidence of this sales tax for three different scenarios. The demand for medical services is completely inelastic, while the supply curve is positively sloped to the right. b. the demand curve is downward sloping and supply is completely inelastic (for this case, it is best to shift the demand curve downward by the amou8nt of the per unit tax) and c. the demand curve is downward sloping and the supply curve is positively sloped. When does the consumer or health care provider pay a larger portion of the tax? why? This answer should be approximately 400 words. no graphs are necessary in this answer.
What do you think will happen to the price and quantity of DVDplayers. What is the difference between economies of scale and economies of scope? Provide examples for each of them (one example for each of them will be sufficient)?
find three products advertised and sold over the internet with senior citizens discounts what are they, and how big are the discounts? Do the same products feature student discounts? If so, how large are they?
Having access to the books and understanding local markets better than new owners, the owners of medical practices generally understand their finances better than prospective buyers do. What sorts of transactions tend not to take place? What can buye..
Your regional manger has asked you to develop a preliminary plan that will focus on how a food wholesale business can be a catalyst in "local economic development". Develop a short report(300-400 Words) and also connect your position to broader macro..
GDP also consumption both rose by $8 billion in the second round, Illustrate what would have been the size of the multiplier.
Assume that the Demand curve is given as Q=250-5P and the supply curve as P=10+Q. What would be the price and quantity with perfectly competitive markets? What will happen to price and quantity if the government provides a specific subsidy of $1 per ..
Two firms exhibiting Cournot behavior have proposed to merge. The resulting firm would account for about fifty percent of the market. It is widely expected that the price will rise as a result of the merger. The firms claim that the merger is in soci..
How is marginal revenue product for labor found and is there a simpler and easier method to find it other than the formula given on page 230? What factors can cause changes in the demand for labor for a firm? What factors determine the elasticity of ..
The New York Times (Nov 30, 1993) reported that 'the inability of OPEC to agree last week to cut production has sent the oil market into turmoil. the lowest price for domestic crude oil since June 1990.
Identify some of the federal government programs that the state of Texas administers in the area of health and human services. Describe any particular issues connected with these programs. Do you believe these programs should be administered by the s..
In some country, the rate of inflation is expected to increase from 2 percent to 5 percent and people fear that the increase will be permanent if the central bank does not take action. In both diagram and text, indicate clearly whether you deal with ..
New source bias may exist for mobile sources. Briefly discuss why this bias leads to a solution that is not cost-effective. What policies would you implement to eliminate this bias?
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