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Question: Suppose a law was enacted that required drug manufacturers to give state Medicaid agencies the same price they negotiated with the Department of Veterans affairs. How would Medicaid and VA prices change?
Machine learning is a method used to give a computer ability to learn using a specific software without necessarily programmed - Genetic algorithms are mostly inspired by the way evolution works.
The United States is considering relaxing the trade embargo it has against Cuba, how would this affect Cuba's economy in both the short and long run?
Is the present situation efficient or inefficient? Do consumers benefit or are they harmed by the current status of the market?
Briefly explain the ideas of virtuous circles. Can you give two different examples of virtuous circles that might affect a less-developed economy?
The total benefit that Mike gets from consuming the first beer at a Cardinals game is (in money terms) $25; it goes up to $40 for two beers, $50 for three beers, $58 for four beers and $64 for five beers. Suppose that the price of each beer is $8...
What helps economists forecast the economy? Imagine you are presenting the index of the leading indicators concept to a small group of newly hired analysts.
two firms a and b have complete control of the supply of mineral water and both have zero costs. their best reply
Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufacturers.
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.Hourly Wage Hours per week
The following information is to be used for the calculation of the unemployment rate: Suppose there are two major groups, adults and teenagers.
Suppose that the price elasticity of demand for college textbooks is Ed = -0.67, would you recommend that the publishers lower their prices?
Suppose you are the manager of a watch making firm operating in a competitive market. Your cost of production is given by C = 200 + 2q2, where q is the level of output and C is total cost. (The marginal cost of production is 4q; the fixed cost is $20..
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