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Discuss the following statement regarding medical malpractice: "Altruism, professional or ethical concerns may motivate physicians to act as better agents for patients than would be predicted from models that assume purely self-interested income maximization" (Danzon 1998, 624).
The banking market in Athens, Ohio, currently has four banks with market shares of 60 percent, 20 percent, 15 percent, and 5 percent. The two smallest banks have propesed a meeting. Under the standard merger guidelines of the Federal Reserve.
How might consumers have benefited from the merger of XM and Sirius (News, p. 229)? How might they have lost?
Assume that two rms (A and B) produce identical products in a market. The (inverse) market demand curve is P = 240 -Q where Q is total output from both firms Q = qA + qB. Firm A has a total cost function TCA = 100qA and firm B has total cost funct..
Production of widgets (W) uses labor (L) as its only input. The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25.
In its most recent financial statements, Newhouse Inc. reported $50 million of net Statement of income and $810 million of retained earnings. The previous year, its balance related earnings sheet showed $780 million of retained earnings.
What is the average time that each customer spends from the time they get on line until after they have received the service (in minutes)?
A tariff increases consumer surplus, decreases producer surplus, increases revenue to the government, and increases total surplus.
What is protectionism? Who benefits and who loses from protectionist policies? What are the main arguments people use to justify protectionism?
Arrange the following people as sources of information from most reliable to least reliable and explain your reasoning:
Assets Liabilities Deposits at The Fed $40,000 Checkable Deposits $500,000 Cash $10,000 Net Worth /Capital $20,000 Loans $300,000 Securities $150,000 Fed Stock $20,000 1. What is the reserved ratio
Analyze how does the bank's finding relates to economists' traditional focus on what people do, rather than what they say they will do.
(Hint: I am not asking you to explain how to calculate the new ratio or the new new capital. I am asking you to tell what actions the bank will take to implement the required changes.)
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