Overall average per capita personal health expenditure

Assignment Help Business Economics

Reference no: EM13998792

Ranking everyone by the amount spent on medical care, 30 percent of the total (all expenditures for all people) is accounted for by the top 1 percent of patients. Take the overall average per capita personal health expenditure and determine how much on average is spent on each of these high-cost patients. The top half of the population accounts for 90 percent of total spending. What is the average amount spent on the remaining people in the bottom half of the distribution? Is the median (i.e., amount spent on the person who is at the middle of distribution, with half of all people spending more, and half of all people spending less) higher or lower than the mean?

Reference no: EM13998792

Questions Cloud

What caused prices to rise and then to fall : After a spike last week as Hurricane Irene threatened East Coast oil refineries, Atlanta gas prices have started falling, according to a website that tracks how much we pay to fill up our tanks. What caused prices to rise and then to fall? Are there ..

Describe various opportunity costs : Describe various opportunity costs of attending a four-year college (assuming a full-time schedule). Given these opportunity costs, why do people choose a four-year college experience? In your own life, what are the trade-offs you face when choosing ..

Flowchart detailing the complete service delivery process : Create a diagram or flowchart detailing the complete service delivery process. Defend the flowchart or diagram. Clearly identify each contact point (e.g., frontline employee, supervisor, delivery, etc.) before, during, and after the purchase.

Use well-structured sentences-audience-appropriate language : Mega Corporation and BIG Enterprises are sugar producers in Brazil. The two companies decide to merge and become one new company called Mega-Big Corporation. If they complete their merger the new firm would control more than 80% of the market share i..

Overall average per capita personal health expenditure : Ranking everyone by the amount spent on medical care, 30 percent of the total (all expenditures for all people) is accounted for by the top 1 percent of patients. Take the overall average per capita personal health expenditure and determine how much ..

Suppose that the price of oil continues to decline : Suppose that the price of oil (and gasoline) continues to decline. According to our discussion, what impact will this have on the economies of the U.S. states?

How would this be reflected in the moscow labor market : Suppose we are using the concepts of supply and demand in the labor market for nurses in Moscow. If a large number of Moscow’s nurses decide they will move to Washington to look for work, how would this be reflected in the Moscow labor market?

Supply is upward sloping and demand is downward sloping : Suppose that supply is upward sloping and demand is downward sloping. If there is a decrease in demand, total surplus:

Equilibrium price and quantity in the market for fish : Suppose the market for fish (a normal good) in the U.S. is in equilibrium. Then suppose that the workers in the fishing industry successfully negotiate for a higher wage, while at the same time average household incomes in the U.S. increase dramatic..

User Account

All Pages