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How can we measure quality health care objectively? What parameters should we measure?
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Assume you want to test the null hypothesis that the mean value of the bill in the box is 9 against the alternative that it is less than 9.
Suppose the bakery determines that the demand for its muffins has changed. The shop can now sell 300 muffins at 85 cents each. IF the price is reduced to 75 cents, the shop can sell 350 muffins. How many muffins must be sold to maximize revenue? Dete..
In response to a price increase from $4.75 to $4.99, sales quantity decreases 125 to 113. Calculate the absolute value of the price elasticity of demand.
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
Illustrate what price do you think this firm should charge if it wants to maximize its short-run profit.
Discuss and explain similarities and differences in the roles economists play as policy makers and as scientists.
Suppose a central bank has increased its nation's nominal money supply considerably for several years in a row, but without any increase in inflation. Over the same time, suppose its economy has not grown. Given this information, explain why this mon..
llustrate what is maximum amount it would be worth to shareholders to elicit high CEO effort all time rather than low CEO effort all time.
Due to competition among firms, markets that have more firms usually have lower prices. However a study by two economists in 92 metropolitan markets in the United States found a different result for the pricing of the service of the primary care phys..
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
Explain what national/international variables affect our economy and what would you do if you were the CEO of a company (you may use your place of employment) in order to increase efficiency, productivity, and maintain your company's competitiveness ..
Explain how globalization in pharmaceuticals occurred with respect to both distribution of medicines in new markets as well as shifting of research and development as well as the manufacturing to lower cost markets.
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