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Define what a health insurance exchange is and how it is supposed to function? What economic value is to come from the insurance exchanges?
What are the potential pitfalls?
Calculate the unit cost of a product if the material cost is $3 per unit, labor is $5 per unit, and overhead is calculated at a rate of 150% of labor. The first cost of the equipment needed for production is $50,000, with a life of 12 years and a sa..
How are the depopulation of Whales worldwide and Congested Highways similar in terms of economics? What are some possible solutions to both?
What are the components of aggregate expenditure? In the model developed in this chapter, which components vary with changes in the level of real GDP? What determines the slope of the aggregate expenditure line?
A young connoisseur has $600 to spend to build a small wine cellar. She enjoys two vintages in particular: a 2001 French Bordeaux (wf) at $40 per bottle and a less expensive 2005 California varietal wine (wc) priced at $8. If her utility is U(wf, wc)..
If the alternate hypothesis states that µ (equal sign with a slash through it) /= 4,000, where is the rejection region for the hypothesis test?
An indifference curve a. Is a locus of bundles of goods such that each good in every bundle yields equal satisfaction b. Is a locus of bundles of goods such that the consumer is indifferent between each good in every bundle c. Is a locus of bundles o..
Opportunity wage refers to the
Suppose you bought a house and took out a mortgage for $50,000. The interest rate is 8%, and you must amortize the loan over 10 years with equal end-of-year payments. Create a graph that shows how the payments are divided between interest and princip..
GDP is broken down into categories of Consumption, Investment, Governement Expenditures, and Net Exports. What role did each category play in the recent recession and subsequent recovery?
If the central bank does not intervene in the foreign exchange markets (the RA balance is zero), briefly explain why CA + KA = FA.
If each of them worked 20 hours per week, how should they split their time between the production of street tacos and Cuban sandwiches, if they wanted to maximize their revenue (recall they split the revenue equally)?
In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)? Prospective customers must be categorized according to willingness-to-pay.
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