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Baptist Healthcare and Methodist Healthcare are acquiring most of the specialty physician practice groups in the market. Is this a good or bad thing? Explain your postion. This is dealing with the Healthcare Market.
When I explain to my friends that we can help poor people more if we just give them cash transfers, they complain that the poor people will spend the money on things that are bad for them. Assume there are two types of goods—“good-for-you” goods and ..
The factory operation creates smoke that affects nearby homeowners, causing respiratory ailments and similar problems.
You have been appointed head of university parking enforcement. Your mission is to eliminate illegal parking. Car drivers are completely rational expected utility maximizes. They have utility functions given by u=x(1/2) where x is $ of consumption on..
Determine its level of profit. (b) Suppose that a fixed costs increase to $75. Verify that this change in fixed costs does not affect the firm's optimal output.
Firms A and B make up a cartel that monopolizes the market for a scarce natural resource. The firms’ marginal costs are MCa = 6+2Qa and MCb = 18+Qb respectively. The firms seek to maximize the cartel’s total profit. The firms have decided to limit th..
Assume that an employer believes that the “efficiency” (e) it can get from a particular worker, as a function of the hourly wage (w), is given by function e = –0.125w + 0.15w2 – 0.005w3, at least up to a wage of 30. a. Create a table of w, e, e/w, an..
If this economy were an open economy with a flexible exchange rate, would the usual crowding out forces be supplemented or offset by forces from the international sector
Each employer faces competitive weekly wages of $1,600 for blacks and $2,400 for whites. Suppose employers undervalue the efforts/skills of blacks in the production process. What is the value of the marginal product of each black worker? What is the ..
q.in 2009-2010 when the economy was in a deep slump the fed had taken interest rates to zero increase in money supply
What is Optimal Total Annual Cost? What is the EOQ to purchase? Round your final answer to the nearest whole number.
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $75,000 and her store made $130,000 in profits (not counting payment to her top manager). She suspected t..
Charlie's utility function for his consumption of apples xA and bananas xB is u(xA, xB) = xAxB.
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