Healthcare market to be at an optimal level of output

Assignment Help Business Economics
Reference no: EM13833439

In a world of completely selfish individuals, if we could measure each person's marginal value for his or her own medical care, what conditions must be met in order for the healthcare market to be at an optimal level of output?

Reference no: EM13833439

Questions Cloud

The inner planets are primarily made of rock and metal : The jovian planets were able to accrete gas from the solar nebula because the availability of icy "seeds" allowed them to become massive enough to capture it gravitationally.
Internal rates of return-respectively and initial costs : Suppose you have three indivisible assets, A, B and C with internal rates of return 2%, 5% and 10% respectively and initial costs of $1, $3, $3. Suppose you have $4 at 1% and can borrow at 12%. Which assets do buy?
Capacity planning is complicated by the fact : What is the term for a system in which the product being worked on is physically attached to the line and automatically moved to the next station when the cycle time has elapsed
Explain why the support of management staff : Explain why the support of management staff is so important to an organization's HR practices being planned and implemented effectively. What are some ways an organization can ensure this happens?
Healthcare market to be at an optimal level of output : In a world of completely selfish individuals, if we could measure each person's marginal value for his or her own medical care, what conditions must be met in order for the healthcare market to be at an optimal level of output?
About the levelized cost : Suppose you have an asset with the following cash flow and that you face a MARR of 5%. If your client asks for the "levelized cost" what number do you give them?
Suppose government spending increases : Suppose government spending increases. Would the effect on aggregate demand be larger if the Fed took no action in response or if the Fed were committed to maintaining a fixed interest rate? Explain why and give an example
Members to reduce tariffs and eliminate non tariff barriers : The world Trade organization either  a. requires members to charge the same prices on goods traded internationally or b. requires members to reduce tariffs and eliminate non tariff barriers?
Implications of low us savings rates for economic growth : What are the implications of low US savings rates for economic growth? Do low US savings rates mean we are running out of capital per worker? (Explain why or why not). Is it possible for a country to have too high a savings rate?

Reviews

Write a Review

Business Economics Questions & Answers

  Calculate the annual income effect on hours worked

Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..

  Preferable than the distribution of household income

The distribution of family income is preferable than the distribution of household income because

  Describe the output level where average variable costs

Describe the output level where average variable costs are minimized. Determine the output level where marginal costs are minimized.

  About the net present value

Chris is renting a house, and it does not have a refrigerator. A refrigerator is worth $3 every day because Chris will eat out less. Chris has a discount rate of 18%. Refrigerators usually last 5 years. How much is Chris willing to spend on a refrige..

  A farmer has a production function

A farmer has a production function f(L) where the input is capital (L). The cost of this loan is L(1+i). The farmer also has an outside option (loan from family member) which generates a profit of A.

  Compute the hhi index for each of the following industries

Compute the HHI index for each of the following industries. Which industry is the most concentrated. An industry with five firms that have the following market shares.

  Do you agree or disagree. explain your answer.

Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or share holders) worse off. Do you agree or disagree. Explain your answer.

  Illustrate what are the levels of income per worker

Illustrate what are the levels of income per worker also consumption per worker. Show how capital stock per worker will evolve over time in both countries.

  Demand curve for physician office visits is quite inelastic

The price elasticity of demand is:  The demand curve for physician office visits is quite inelastic; therefore, a:

  Practice costs american jobs in the long run

Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.

  Dynamic economic model and legit model

Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.

  Agreement and disagreement among economists

Suppose that Charles, an economist from an AM talk radio program, and Dina, an economist from a university in Massachusetts, are arguing over government intervention. The following dialogue shows an excerpt from their debate:

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