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Define Medicare and Medicaid, two of the U.S.’s public health care systems, and explain their difference.
In the Michael Moore documentary we saw, “Sicko,” a Blue Cross/Blue Shield call center operator told many enrollees they would be denied health insurance, and a Medical Reviewer for Cigna Insurance Company was encouraged to deny medical claims to enrollees. Name one microeconomic theory we’ve studied in this course that could provide an explanation for this behavior by health insurance companies and give your reason(s) for choosing this theory.
Explain why a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command and control system.
You run a small business that uses both capital and labor to produce your output. The machinery (capital) has a marginal cost equal to $25 per hour and a marginal product cost equal to 50 units per hour. How many units of labor will the firm use?
In a price leadership oligopoly model,
Introduction to Computers
We are evaluating a project that costs $837,000, has a thirteen-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 156,000 units per year. Price per unit is $35,..
Suppose a firm's Total Cost Function is: Identify: Fixed Cost, Variable Cost, Marginal Cost, Average Fixed Cost
Could the Fed affect the money supply by buying and selling goods or services other than bonds? For example, suppose the Fed decided to implement an expansionary policy.
Portugal is a collectism society whereas the US is a individualistic society, How might these differences in culture affect international tourism between the two countires?
Suppose we have two types of consumers (for simplicity we’ll assume that there is one person of each type). They have inverse demand curves given by: What is the corresponding optimal block pricing scheme? Now suppose that the monopolist cannot tell ..
Objectives regarding _____ are generally stated in terms of percentage of sales increase and market share. Which of the following statements is true about employee empowerment? As managers move up to higher levels of the organization, _____ skills ha..
Suppose that the production function is y=ka, where y and k denote production per unit of effective labor and capital per unit of effective labor, respectively. Suppose also that the saving rate, the depreciation rate, the growth rate of the populati..
Many economists claim that in a small open economy operating under a fixed exchange rate regime, the domestic central bank is powerless to control the money supply, and monetary policy is thus powerless as a tool to stabilize domestic output. Do you ..
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