Maximize profit and minimize risk for the company

Assignment Help Microeconomics
Reference no: EM13733712

Review the Health Care Economics Issues HMO Simulation.

Prepare a 700- to 1,050-word paper in which you present a profile of the chosen company, including the demographics of the employees, the health care risk factors or potential areas of high utilization, and the premiums the company is willing to pay.

As a representative of Castor Insurance, your job is to maximize profit and minimize risk for the company. Based on your analysis of potential utilization, provide at least two reasons why each plan could be selected.

Then state which plan you would select to sell to your chosen company. What are the reasons for this decision?

Reference no: EM13733712

Questions Cloud

What frequencies are contained in a square wave : 1 If a signal at 100 Hz is mixed with another signal at 10 KHz through a non-linear device, write down the frequency components at the output of non-linear device.
State a normal probability distribution : For many waiting line situations, the arrivals occur randomly and independently of other arrivals and it has been found that a good description of the arrival pattern is provided by. A normal probability distribution.
Explain why examine the importance of popular culture : Explain why Examine the importance of popular culture and technology in the lives of all Americans, tracing this growth since the 1870s. Write one page history essay.
Write an essay on art history of medieval to renaissance : Topic: Art History: Medieval to Renaissance. Each topic must be 4 pages(double spaced). Must be MLA format. Provide much description and detail as possible.
Maximize profit and minimize risk for the company : As a representative of Castor Insurance, your job is to maximize profit and minimize risk for the company. Based on your analysis of potential utilization, provide at least two reasons why each plan could be selected.
Explain the short-term changes in the market for zapit : Prepare a graph that demonstrates the equilibrium position for the Zapit20, as well as any short-term changes that you expect to occur with respect to the supply and demand status of this product - Explain the short-term changes in the market for Z..
What did you notice about the performers : What did you notice about the performers? Do you know their backgrounds? What type of music was performed? Do some research on the composer?
Explian the organizational structure and culture : Analyze the organizational structure and culture of the company your chosen executive has led, or is currently leading, and determine the company's approach to human capital management and employee development
Explain impact of american ?economic growth and recessions : Compare and contrast the causes and impact of American ?economic growth and recessions, especially focusing on the 1929 Great Depression and ?the 2007 recession.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd