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What are the advantages and disadvantages of community rating of health insurance? Consider both equity and efficiency. (Chap. 8)
a) What is the present value of the explicit cost of attending the training program? b) What is the present value of the implicit cost of attending the training program?
Why do cartel deals tend not to last? a. Cartels create more competition
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
Choose a country you would like to visit and calculate the exchange rate. What was the exchange rate 90 or 180 days ago? Last year?
The difference between a basic “cost-benefit analysis” and a “cost-effectiveness analysis”. In addition, tell me a potential scenario where a cost effectiveness analysis should be used instead of a cost benefit analysis.
Which method is more likely to be technically efficient. Illustrate what is the probability that she wins.
A consumer has a budget of $200 to spend on bowling (b) and tutoring sessions (t). Assume that each game of bowling costs $16 and each tutoring session costs $20. Draw the consumer’s budget line on the graph below. Put bowling on the “x” axis. What i..
A) in finding the optimal basket for a consumer we assume The preferences are exogenously given (we know the indifference map for this consumer) what can change the preferences and why? What would be the effect of change in preferences on a consumers..
After graduation, you have been offered an engineering job with a large company that has of?ces in Tennessee and Pennsylvania. The salary is $55,000 peryearateitherlocation.Tennessee’s tax burden (state and local taxes) is 6% and Pennsylvania’s is 3...
Let the production function be Q = 4 * K1/4L 1/4 assume that both factors are variable. (a) Derive the contingent demand functions for K and L
What types of research will you perform? What internal and external sources will you utilize? Why? What will you do with the data outputs?
Suppose that the three-month interest rate in Australia is 2 percent and it equals 4 percent in the United States. Suppose further
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