Explain lifetime medical costs of treating aids

Assignment Help Microeconomics
Reference no: EM13175690

The most recent studies of lifetime medical costs of treating AIDS?

a)have shown a significant increase in the estimates due to earlier diagnosis

b)have shown a significant increase due to the use of new drugs including protease inhibitors

c)have been revised downward due to shorter and less frequent hospital stays

d)conclude that costs will likely fall in the future die to breakthrough research in prevention

e)all the above

Reference no: EM13175690

Questions Cloud

Define demand is inelastic : Suppose the equilibrium price in the market is $24 and the price elasticity of demand for the linear demand function at the market equilibrium is 1.5. Then we know that: A. demand is inelastic. B. marginal revenue is $8.
Explain inverse demand and supply functions : Consider a market characterized by the following inverse demand and supply functions: PX = 50 - 4QX and PX = 10 + 2QX. Compute the surplus producers receive when a $30 per unit price floor is imposed on the market.
Explain market demand and market supply : In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. A price ceiling of $32 will result in a. a shortage of 80 units b. a shortage of 44 units
How to raise the equilibrium price : An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping demand and upward sloping supply would raise the equilibrium price. a exactly $1.00 per gallon.
Explain lifetime medical costs of treating aids : he most recent studies of lifetime medical costs of treating AIDS? a)have shown a significant increase in the estimates due to earlier diagnosis b)have shown a significant increase due to the use of new drugs including protease inhibitors
What is the increase in the excise tax on alcohol : An increase in the excise tax on alcohol? a)will have no effect on alcohol consumption b)will generate minimal tax revenues for the federal government c)couped with a uniform drinking age nationwide would save lives
Explain rent-seeking behavior : Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
Explain factor leading to rising health care costs in the us : What is the most important factor leading to rising health care costs in the United States since 1980? a)The increased use of expensive medical technology b)Teh aging U.S. Population
Explain what ph range would result in only mg : A solution contains 0.10 M Ca2+ and 0.10 M Mg2+. What pH range would result in only Mg(OH)2 precipitating? Ksp for Ca(OH)2 is 6.5 ´ 10-6 and for Mg(OH)2 is 7.1 ´ 10-12.

Reviews

Write a Review

Microeconomics Questions & Answers

  Optimum order quantity and corresponding relevant cost

The total relevant cost of holding inventory in a plant for purchased materials is given, TRC = (6000/Q)(60) PLUS 0.30(12)(Q/2) PLUS 6000(12) WHERE Q IS THE ECONOMIC ORDER QUANTITY.

  Determine optimal outputs price and profits.

Assume that the two firms behave as Cournot Duopolists. Explaining the concept of best response or Creaction function, determine the best response function for each firm. Calculate the profit maximizing output of each firm and the market price.

  What factors affected national income

WHAT FACTORS AFFECTED NATIONAL INCOME, UNEMPLOYMEY RATE AND INFLATION RATE WHAT FACTORS EFFECT EACH OF THESE ECONOMIC VARIABLES?

  As-ad model for aggregate output

The Fed sells bonds in the open market during a period of low unemployment and no excess industrial capacity. The economy is far below capacity and the government lowers taxes

  How would the us production possibilities curve be affected

How would the US production possibilities curve be affected in this case: the AIDS epidemic becomes rampant in America claiming millions of lives.

  Determining own-price elasticity

Assume that the price was 5% lower and all other factors do not change. How much more would you buy each year? Using this information, compute the own-price elasticity of your demand.

  Evaluate the change in deadweight loss

Calculate the change in deadweight loss if the U.S. replaces a prohibitive tariff per unit on imported wine by an equal production subsidy per unit of wine sold by U.S. producers.

  Advantage & disadvantage of different types of exchange rate

During middle years of this decade, the exchange rate of the United States dollar has declined against the currencies of its major trading partners.

  What increases the autonomous investment

Suppose that the economy is initially at equilibrium, in which total planned real expenditures equals real GDP. Which of the following will occur if there is an increase in autonomous investment?

  Relationship between productivity and cost of production

What is the relationship between productivity and the cost of production, and how does the cost of production vary over the short- and long-run?

  Automation is the prime cause of unemployment

minimum wage legislation increases costs of production (and thus product prices) and creates an excess supply (unemployment) of unskilled labor.

  What is the significance of the lau v. nichols case

What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd