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Explain what are similarities and differences between the Modicare model and the value-based model. What is the value-based model? Is Modicare closer to the Affordable Care Act (Obama Care) or Medicaid in the United States?
If this price were to increase by a little bit, what would happen to the total revenues from ice cream sales?
A company said it plans to spend $20.7 million in expanding its fiber-optic Internet and television network. It will make the company more competitive than other TV providers and will generate net annual revenue of $4.35 million per year. If the comp..
If the quality of instruction rises from 8 to 10, by how much will the amount of learning acquired rise as a result?
What is the value of the above stock according to Gordon Growth model if the dividend growth is 3%?
Explain a situation using the supply and demand for skilled labor in which the increased number of college graduates leads to depressed wages.
Suppose the government introduces a subsidy on firms’ sales (e.g. for every $1 of output sold, firms receive an additional 5 cents from the government). Keeping everything else constant, what do you expect to happen according to the frictionless labo..
Calculate the elasticity of demand as a function of Q. Does firm's profit maximization problem satisfy the global SOC? Using your answer 1,2 question, what is firm's profit maximizing markup?
In Week 2, students will employ the supply and demand model to develop consumer surplus and producer surplus as a measure of welfare and market efficiency.
What are the factors that contribute to why certain countries have a larger gender pay gap than others?
Consider the following game between player 1, who chooses among strategies U, M, and D, and player 2, who chooses among strategies A, B, and C. Why is this normal form representation different from others in the chapter? The most reasonable predictio..
Which of the following shifts the short-run aggregate supply to the right?
How do the six-digit North American Industry Classification System (NAICS) and the therapeutic market definition of the pharmaceutical industry differ in terms of seller concentration? Which do you think is a better measure? Why? Think in terms of ac..
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