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In what ways do economists and policymakers-those who believe that market-based reforms are the key to improving the health care system-criticize the Patient Protection and Affordable Care Act (ACA)? ??
Write down an expression π(q ) for profits as a function of q. Find profit-maximizing choice of q for Smith and corresponding price and profit.
Outline how neoclassical economists derive the law of demand and then criticize neoclassical consumer/demand theory from a heterodox perspective
What effect would a rule stating that university students must live in university dormitories have on the price elasticity of demand for dormitory space?
State three examples of empirical evidence of the "under-reaction" of share prices to events and give an explanation to each of them.
An elderly lady owns a home for which she had completely paid. She arranges a reverse mortgage for $100,000 whereby she will receive monthly payments for the home form a bank. She will be allowed to live in the house until her death, whereupon her es..
Which of the following statements are true? To curb inflation and reduce the money supply the Federal Reserve can: I. Increase the discount rate II. Increase the required reserve ratio III. Decrease the discount rate IV. buy securities in the open ma..
The Affordable Care Act, otherwise known as “Obama care”, was passed in 2010 and President-elect Trump has stated he plans to repeal and replace this healthcare law which added healthcare coverage to 20 million Americans may lose coverage.
Indicate the type of sales promotion that a producer might use in each of the following situations and briefly explain your reasons: (1) A firm has developed an improved razor blade, but customers are not motivated to buy it.
Describe possible government programs that are available for individuals falling under the poverty leve.
Pfeitzer is a monopolist for a new drug that makes people feel thinner. The total cost function is C(Q) = 100 + 12Q + 2Q 2 . The inverse demand function
Suppose an individual’s utility is expressed as U=x^(1/2)y^(1/2)and their constraint is represented by the following: 2x+3y=B=100. What level of x and y should the individual consume to maximize utility? What is utility at the optimal level of consum..
You are the assistant to the Minister of Finance. The Minister has been away on an extended vacation and has just returned.
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