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People over the age of sixty-five are eligible for Medicare which offers subsidized healthcare as long as the doctor involved agrees to accept the relatively lower fees paid by Medicare. Some people over sixty-five choose instead to pay out-of-pocket for so-called "con- cierge" physicians, who provide medical services on a cash or credit card only basis. Can you explain why patients would turn their backs on Medicare and instead pay out of their own pockets?
A small start-up company invested in a new plant with an initial cost of $10 million. Operating costs for the plant were $3 million per year for 7 years. There was a special one-time charge of $1 million in year 2 to correct unexpected equipment prob..
What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a ? bQ and the marginal cost is constant across firms, i.e. mc1 = mc2 = c. You may consider for two f..
What effects would each of the following have on aggregate demand or aggregate supply, other things equal? In each case use a diagram to show the expected effects on the equilibrium price level and the level of real output, assuming that the price le..
What is the amount you would request from each funding source that you identified to help fund your startup?
Suppose two firms sell an homogeneous product; they compete in prices. Their respective marginal costs are MC1 (q) = 10 and MC2 (q) = 20. Find the prices that form equilibrium (for simplicity and reality, assume that prices are quoted in units no sma..
What is the most significant threat to the relatively high standard of living people are accustomed to in the United States?
For Canada, the expenditure effect generated by the U.S. tax cut and the spillover effects of increased defence spending will push the Canadian economy further into an economic recovery.” a) How will the U.S. tax cut and the increased U.S. defence sp..
Briefly outline the processes you would use in gathering and analyzing these five additional factors for forecasting the demand curve for natural gas.
As weekend prices skyrocket more people will play golf during the week and eventually the weekend prices will drop and weekday prices. Differentiate among weekday and weekend prices.
What is the total welfare if there is no government intervention? What is the total welfare if the government provides a production subsidy of s per unit?
In the long run, both monopolistically competitive and prefectly competitive firms attain
illustrate what is which industry's marginal revenue as it increases o/p from 1300 units to 2200 units.
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