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Based on your success with minimum wage analysis in Assignment, the new administration now has a new study for you to conduct. With health care they are considering two alternatives: A system where health care is provided solely by the government (similar to what is in Canada) and another approach where government stays out of the health care market (except for assisting the poor who cannot afford it) and individuals buy health insurance from competing providers. Provide an economic analysis of the advantages and disadvantages of both alternatives and conclude by making a recommendation for one of them. Your work should be 3- 4 pages long, in APA format, and make use of at least two recent, scholarly articles. The work must be your own and any sources used must be clearly cited (including quotation marks for direct quotes).
Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..
Suppose the demand and supply functions of a good are specified as follows: QD= 600-2p and QS= -200 + 3P. Equilibrium price and quantity must be:
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge t..
Suppose it is 1905 and you are a buggy whip manufacturer. You hear a commotion outside and learn that a gas operated machine (car) had frightened a horse drawn carriage. You then look at your inventory of leather buggy whips and say to yourself (expl..
Many security suites exist for Windows computers, not only in the form of third party firewall software, but also in anti-virus utilities.
Differences in scientific judgment between economists are similar to all of the following except
The number of people employed in a city were 128,000. The adult population was 201, 000 and the labor force participation rate was 67%. Based on the figures listed above, what is (1) the unemployment rate, (2)labor force participation rate, (3) numbe..
Explain how to encourage people to spend more to increase aggregate demand and create employment possibilities.
John, an experienced and slick bank robber recruited Evelyn to rob a bank. Plans were set for them to acquire exactly $10 million from the bank vault. The odds of them dying in this heist is 1 in 10. Assuming that Evelyn was promised a share of 1/4 o..
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Trevor consumes two goods: fruit (good x) and vegetables (good y). His demand for fruit is given by x(px,m)=.04m-4.24px. His income is $322, the price of fruit is $2, the price of vegetables is $1. If the price of vegetables rises to $3, calculate to..
Consider a Cournot duopoly with the inverse demand p = 130 ? Q. Both firms have constant marginal and average cost MC = AC = 10. Find the Cournot-Nash equilibrium output and profit of each firm. Calculate the consumer surplus and DWL.
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