Can we conclude that an individual participating

Assignment Help Business Economics
Reference no: EM13160500

The government of Mexico City recently began distributing the drug Viagra at a highly subsidized price to low-income elederly men. Suppose that the government gives each repipient six pills per month at a price of $1 per pill, and the market price is $10 per pill. Can we conclude that an individual participating in the program would be worse off if provided with a cash grant of $50 instead of the viagra?

Reference no: EM13160500

Questions Cloud

Stock-holders equity at the end of the year : At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders' equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholders' equity at the end of the year?
Impact of separate spheres ideology on native americans : Discuss the impact of separate spheres ideology on Native Americans and southern and eastern European immigrants. Make sure to define the concept as well as consider the experiences of each group drawing on relevant course readings and lectures.
How many grams of nan3 are required : How many grams of NaN3 are required to produce 340 L of nitrogen gas if the gas has a density of 1.25 g/L?
Determine the optimal amount of service provided by bf : Using the Lagrangean multiplier approach calculate the optimal (i.e., service maximizing) combination of medical and social staff. Determine the optimal amount of service provided by BF.
Can we conclude that an individual participating : Can we conclude that an individual participating in the program would be worse off if provided with a cash grant of $50 instead of the viagra?
P-nitrobenzaldehyde in the aldol reaction : The yield of the reaction to form your chalcone is not quantitative. What side products might be formed from your aldol condensation?
Adjustment made to cost of goods sold : At December 31, balances in Overhead are as follows: Lott Company-debit $1,500, Perez Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
Determine the percent of naturally occuring b-10 : The atomic mass of boron is 10.81 g/mol. The two naturally occuring isotopes are B-10 with a mass of 10.0129 amu and B-11 with a mass of 11.0093 amu. Determine the percent of naturally occuring B-10.
Federalist and democratic-republican attitudes : Compare and contrast the Federalist and Democratic-Republican attitudes toward the national government. Include a clear discussion of the differences their leaders held.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd