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If health care spending is already on the flat-of-the-curve, it may not be possible to buy improved health status by increasing spending. In this situation, the best way to improve health status may be to?
a) Increase the availability of government health insurance
b) invest in biotechnology to determine the genetic factors that improve health
c) improve life style decsisions by reducing smoking, alcohol consumption, and drug use
d) improve access to medical care
e) imporve overall educational attainment so people can better follow the advice from the medical community
What is the variable cost and when output is 10,000, what are the average variable cost and the average fixed cost?
Analyze the characteristics of each of these goods. Focus on the characteristics that define each good as public or private.
Sometimes market activities have unintended positive or negative effects outside the market scope called externalities. As a rule maker concerned with correcting effects of gases
Why do you suppose that the market clearing interest rates on bank savings and time deposits have been rising relative to the market clearing interest rates on bank loans?
Given production function Q= 100(L^0.5)(K^0.5), where L = labor hours per unit time, K=machine hours per unit time, and Q=output per unit time.
The queue length and waiting time for clients including and excluding the service time and the probability that there will be more than 2 customers waiting
How much total utility does the consumer receive
What are the advantages of the Herfindahl index over concentration ratios in measuring degrees of concentration in an industry? (b) What is the disadvantage of both?
Choose an Oligopoly and describe the industry and explain the general pattern of change of the particular market model and hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a "market economy."
Why is the government so quick to regulate monopolies and potential monopolies? What are the major concerns and evils that arise from this market structure?
How much will each firm produce and what is the shut-down price for the firm - What is the largest quantity the firm can produce where the cost minimizing choice is to produce everything with production process 1?
What difference does it make, if any, if technology is moving very fast in the market so that this game proves to be one-time-only simultaneous play?
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