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Question: Discuss the following - What feature(s) of Medicare would cause an economist to say that "Medicare stinks as insurance"? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front' deductibles and least commonly covers "high-end" risks. Does this model of coverage afford well or poorly with the model of demand for insurance that is ideal for economists?
Choosing a Reference Organization (EBAY)For the Session Long Project, you will be asked to select an organization to use as a focus for your application of economic ideas. You must use the same organization for all 5 SLPs.
Determining who benefits can be tough for negative events, but it's especially important in order to prevent the unscrupulous from recapitalizing on them. Consider the following events and trends, and determine possible winners and losers from an ..
The probability of getting ill is 25%. The utility function is U(W)= 3.2W ; U(W)=W2 , where W=wealth; log= logarithm base 10. Compute the expected wealth, expected utility (use up to 4 decimal places) and expected loss.
Develop a 1,400-word analysis of your decision-making process in which you include the following: Discuss the role of the interest rate and the cost of financing on your purchase decision.
The debate between utilizing paper or plastic in the retail market has and will always be around. The majority of grocery stores offer you the choice of paper or plastic, and some stores are even moving towards a more environmental friendly reusable ..
Those who committed this breach of trust were often shunned by the whole community; no one would speak to the offender, or even acknowledge his existence for a year or more. What economic problem were the village elders trying to prevent? Do you t..
Let Q= Lα Kβ. suppose the firm seeks to produce a given output while minimizing its total input cost. TC=Pι L + P κK. Show that the optimal quantities of labor and capital satisfy L/K=(α/β) (Pκ/Pι). Provide an intuitive explanation for this res..
What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?
consider a classical long-run economy described by the following equationsy c i gy al ka 50l 400k 100g 0t 0c
Millennium Development Goal 4 is to "reduce by two-thirds, between 1990 and 2015, the under-five mortality rate"; Goal 5 is to "reduce by three-quarters.
America's Water Meter Industry is dominated through 4-companies: Rockwell, Badger, Neptune and Hersey. Rockwell has 35 percent market share, and the remaining share rest.
What specific standard is applied to a firm whose only contact with a forum state is through its Internet site? If you had an eBusiness, what could you do in order to limit your liability to suit in multiple jurisdictions?
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