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The Patient Protection and Affordable Care Act limits the extent to which insurers may consider age in establishing rates. The results are higher premiums for the younger insured and lower premiums for the older insured. (Answer in 100 words are more)
In your opinion, are these positive results?
Suppose to have a linear programming problem. It is known from the optimal solution that allowable increase of the cost coefficient c1 is equal to 20. Initial value of c1 is 50. If we change the initial value of c1 to 80 the value of objective functi..
what should you do when the manager of a perfectly competitive firm whose short run cost is TC = 100 + 160Q + 3Q2. If the market price is $196.
The management of a private hospital is considering the installation of an automatic telephone switchboard, which would replace a manual switchboard and eliminate the attendant operator’s position. how large an investment in the new equipment can be ..
This focuses on the relationship between inputs and output. Different production curves are presented. But the intensity of current global competition often requires managers go beyond the traditional production curves. Today's manager must understan..
Gal is expecting a proposal from Guy. She is unsure whether Guy is a Deadbeat with little wealth and/or earning capacity, or is a Keeper with lots of wealth and/or earning capacity-this is the asymmetry in information in this problem. More generally,..
In a certain kingdom, the demand function for rye bread was q = 381 − 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf...
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries.
q.assume that in a certain region there is a single firm producing chocolates nestlex. in this region there is a
If average income increases from US$5,000 to US$5,500 and if technological advances reduce cost of catching fish from US$2,500 per ton to US$2,000 per ton, by ExplainING how much will annual catch exceed maximum sustainable fish catch.
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..
Sarah bakery makes 1000 items a day. Each day Sarah contributes 8 hours to produce those items. If hired, elsewhere Sarah could have earned $250 an hour. The item sells for $15 each. Production does not stop during weekends. If the explicit costs tot..
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