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Answer the following question: The market for health care services can be examined using the tools of supply and demand. In this market, the quantity variable is hours of health care services. Consumers' demand health care services while doctors (or others) supply health care services. We will assume health care services are all of the same quality (so 1 hour of heath care service A is the same as 1 hour of health care service B). The market price is the price per hour of health care services (dollars per hour). Given this, suppose a law mandates that doctors cannot charge a price higher than Pmax, where this maximum price is set below the free market equilibrium price in this market. What will be the effect this law on the quantity demanded, quantity supplied and price paid for health care services? Who benefits and who loses from imposing this maximum price that sellers can charge/receive for health care services? (Note: given the price actually paid by consumers for health care must equate supply and demand. This price can include both monetary forms of payment and non-monetary forms of payment; in this example, what forms might such non-monetary payments take? That is, if health care must be "rationed" among consumers).
a needy family of a mother and three children currently receives cash benefits that average 12 per day. the mother of
Suppose that the federal government’s annual budget deficit is $250 billion and that the Fed’s holdings of government securities increase by $10 billion over the year. How much of the deficit was monetized?
Explain how much will your company's total revenues revenues from both products change if you increase the price of good X by 1 percent.
The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $150,000 to develop and only $0.5 per unit to deliver to each cell phone customer.
Why do you think this strategy became less viable in the 1990s What strategy does P&G appear to be moving toward What are the benefits of this strategy What are the potential risks associated with it
consider that an entrants ability to enter a market is fought with the possibility of withdrawing from the industry at
Even before the metals and manufacturing companies, US railroads in the 19th century were M-form organizations based on geography. Why might a large railroad be better organized as M-form than U-form
scenario one in the early part of the last decade there was an overproduction of coffee. the price dropped so low that
Explain how are the slope of a production possibilities frontier and the opportunity cost of the goods related.
the owner-manager of good guys enterprises obtains utility from income(profit)and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. can you set up the problem and derive the ..
Dell Computer Corp., the world's largest personal-computer maker, is keenly aware of everything its rival PC manufacturers decide to do. Explain why Dell usually reacts more quickly and more substantially to pricing, product design
Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..
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