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An insurer sold 100,000 policies at $6,800 and paid for all care. Ten percent of its customers were high risk ($50,000 in annual spending) and 90 percent were low risk ($500 in annual spending). What are its revenues and medical costs?
Use commercial bank and Federal Reserve Bank balance sheets to demonstrate the immediate effect of each of the following transactions on commercial bank reserves. Assume that the initial reserve ratio is 20 percent. Federal Reserve Banks purchase $2..
Discuss your understanding of the seeming conflict between economic growths versus equity. Specifically, does the Congress or a section of the Congress promote economic growth without proper attention to achieving equity - a fundamental goal of our s..
Describe the current trends that suggest "growth potential" for Kansas? How does the growth of the State economy in Kansas compare to national averages or to the other states? What are the demographic and employment trends in Kansas and How well educ..
q1. cuties farm produces and sells milk. the market is perfectly competitive. the market price of milk is 2.50 per
Gold cost $100 an ounce at the beginning of 1971. At the beginning of 2015, gold was $1200 per ounce. By what compound annual percentage rate has the price of gold increased over this period? State the answer as a percentage, to two decimal places.
Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is contracted out to maintenance firms, and both technology and labor requirements are very basic.
Given the following data: Et = ¥125 = $1.00; Et+1 = ¥100 = $1.00; US interest rate = 20%. If the interest parity condition is expected to hold, interest rates in Japan should approximately equal (percentage)
Assume that labor demand for engineering is perfectly inelastic and is given by the equation L^d=300, while the supply curve for engineering is given as L^s=210 +10W represents the hourly wage rate. what is the level of employment, wage and, unemploy..
A situation in which the Fed holds interest rates constant (at a low level) in order to increase the effectiveness of fiscal stimulus is known as ___________.
What are the three actions that the federal government can take to fight recession using fiscal policy?
when markets for goods as well as services gain access to the Internet, more consumers and more businesses participate in the market.
Consider a monopolist with the following demand curve: P=200-2Q. The monopolist faces MCm=ACm=20. Solve for the profit-maximizing level of monolopy output, price, and profit.
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