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Assume that the cost elasticity for hip replacement surgeries is 0.3. Additionally assume that hip replacement surgeries are originally not covered by health insurance as well as that at a cost of $50,000 each, 10,000 such surgeries are demanded every year.
Assume that health insurance begins to cover hip replacement surgeries that everyone interested in getting a hip replacement has health insurance. As if insurance covers 70% of the cost of the surgery, by what percentage would you expect the quantity demanded of hip replacements to increase? Calculate the percentages consider changes using the midpoint formula. If insurance covers 70.00% of the bills just assume that the cost paid by consumers falls 70%.
In what ways has the U.S. system been affected (positively and negatively) by these regulations?
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
Ben bakes bread and Shawna knits sweaters. Ben and Shawna both like to eat bread and wear sweaters. In which of the following cases is it impossible for both Ben and Shawna to benefit from trade.
q. you sell a commodity in a market that resembles perfect competition and your cost function is cq 2q 3q2.
What is the profit-maximizing price and output level? Solve this algebraically for equilibrium P and Q and also plot the MC, D and MR curves and illustrate the equilibrium point.
For each year from 2006 to 2009, calculate the dividend yield, the capital gains yields, and the total return to the stock. Express your calculations in percentage terms.
Suppose that a monopolist's product could be either high quality (H) or low quality (L).
Drawing on current business publications, find out some updated facts for each case that support this theme.
Panel B shows how the demand for X shifts when the price of related good Y increases from $60 to $68. Use the information in Panel B to calculate the cross-price elasticity. Are goods X and Y substitutes or complements?
How much revenue will the government raise by taxing Beatriz? How does that revenue compare to her economic losses? Does the new tax raise enough revenue to compensate her for her loss?
q.analysis the demand for housing is often described as highly cyclical and very sensitive to housing prices and
What is minimum-cost blend that will meet quality standards and provide 1000 pounds of blended coffee product. What is cost per pound for coffee blend. Determine aroma and taste ratings for coffee blend.
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