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Part 1: THE ECONOMICS OF LONG-TERM CARE
Your father has been diagnosed with Alzheimer's disease and the physician tells you he will slowly deteriorate to the point of needing full time nursing care. You and your family must weight the pros and cons of placing your father in a long term care facility or providing care for him at home. To ensure that you have made the right decision for his long term care, what factors must be considered from a cost and quality-of-care perspective?
This is only a discussion not a paper. Please include in text citations and cite references
Part 2: THE COST OF RESEARCH AND DEVELOPMENT FOR MEDICATIONS
In recent years, the cost of developing new medications has become astronomical. Complicating this problem is the need for more effective medications as newer mutations of diseases are increasing and these new mutations (according to western medicine) render traditional medications ineffective.
What are the associated reasons for the increased number of mutated diseases? What are the associated reasons for the costs of developing new drugs? How can this issue be resolved?
Mary's credit card situation is out of control because she cannot afford to make her monthly payments. She has three credit cards with the following 1 loan balances and APRs: Card 1, $4,500, 19%; Card 2, $5,700, 23%; and Card 3, $3,200, 15%.
?Café Michigan's? manager, Gary? Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical? observations, Gary has gathered the following? data, which show the numbers of these coffees sold over six d..
Present a thorough analysis of fiscal policy. Detail the effects of discretionary fiscal policies, the various policy levers, the impact of crowding out, time lags, and automatic stabilizer
Consider a monopsonist in the labor market. Let the labor supply be given by L = 4w, where L is the employment level, and w is the wage rate. Suppose that the monopsonist has the production function F(L) = √ L. What is the wage rate and employment l..
Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of used goods, i.e. cars, furniture, etc., bought and sold? Define net exports. Explain how US exports and imports each a..
Explain why monopolistic competitors earn only a normal profit in the long run. Provide an industry example to illustrate your explanation.
Design a circuit using D flip-flops that will generate the sequence 0, 0, 1, 0, 1, 1 and repeat. Design a counter for any sequence of states.
How does the standard product of labor change when the industry utilizes 81 units of labor.
Currently what indictors are evident that There is too much or too little money within the economy? How is monetary policy aiming to adjust This?
Elucidate effect does the current supply and current demand have on this product.
Do you think this particular budget cutting policy helpful to curb the growing budget deficit.
HI5003 Economics for Business. Cost of production- in any industry in Australia where costs of production are an important issue and analyse what is being done in the industry. May be the industry is switching to technology or/and some substitutes..
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