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HEALTH EXPENDITURES PER CAPITA-GOING UP OR DOWN?
Go to the Web site of the Centers for Medicare and Medicaid, www.cms.hhs.gov, and use the search box to find information on health expenditures per capita for the United States. What was the level of such expenditures in 1990? In 2000? For the most recent year shown? Is the level of expenditures per capita projected to rise or to fall over the next 5 years? Find information on health expenditures as a percentage of GDP. Contrast the percentage for the latest year shown with the percentage projected for the most distant future year shown. Is the health care problem going away?
Consider an economy with just one technique available for the production of each good, food and cloth: Good Food Cloth labor per unit output 1 1 a. supposing land is unlimited but labor equals 100, write and sketch the production possibility frontier..
Golden Star Winery produces midlevel wines consumed primarily in North America. Given below is the projected income statement for the company for 2011. Projected Income Statement (2011) Sales (100,000 cases at $7 per case) $700,000 Cost of goods s..
HealthPlan Northwest must install a new $1 million computer to track patient records in its three service areas. It plans to use the computer for only three years, at which time a brand new system will be acquired that will handle both billing and..
Indicate on the graph the point of market equilibrium Complete the last column indicating at each price level whether the market has a surplus or a (shortage) and by what amount
CEMEX and Holcim are two cement manufacturers in Durham. They produce cement and sell it into a competitive world market at the fixed price of $60 per ton. Producing one ton of cement also produces one ton of air pollution that negatively impacts ..
the manager of a local sporting goods store and recently purcahsed a shipment of 60 sets of skis and ski bindings ta a total cost of $30,000 (your wholesale supplier would not let you purcahse the skis and bindings seperately, nor would it let yoo..
Suppose a consumer buys 10 units of good X and 20 units of good Y every year. The following table lists the prices of goods X and Y in the years 2005-2007. Assume that these two goods constitute the typical market basket.
Verify that Theorem 7.14 from Chapter 7 can be applied to the social planner's problem in Section 13.1.
What's the marginal rate of substitution (MRS) at bundle (1,4)? What is the MRS at bundle (4, 1)? Give an example of a bundle where the MRS is -1.
Can a monopolistically competitive firm producing a good with lots of very close substitutes earn large positive profits in the long run? Please explain.
Although perfect competition may not exist, explain why it is relevant to the study of microeconomics.
The company you work for has a high speed 5-axis milling machine which was purchased 5 years ago for $200,000 and has a 10 year life. This machine is currently idle and can be used to make a product designed
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