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You are a member of a presidential commission appointed to consider a mandatory national health insurance plan, and the question of how to fund the plan is being discussed. Specifically, three separate options are being considered to generate an average of $4,000 per worker: a flat mandatory premium, a doubling of the current 7.65% payroll tax that comes out of people's pay to cover Social Security and Medicare, and a 7% increase in income tax. Think about this from the perspectives of three workers: one who makes $25,000 per year; one who makes the same in salary but also has $1,000 in investment income; and one who makes $85,000 per year, including $10,000 in investment income. Considering the relative financial contributions it imposes on individuals such as these, which of the three funding measures would you support and why?
What economic and societal factors affect the demand and pricing of healthcare services in today's market?
At what level of L does the average product reach its maximum and does the total product curve have a region of increasing marginal returns?
The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics describe the effect of each of the following terms of whether it would increase or decrease the..
A Firm has total cost function given by following: What is the Total fixed cost when Q = 100? And Average fixed Cost when Q=100?
Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C=50+4Q+2Q^2. The associated marginal cost is MC=4+4Q, and the point of minimum average cost ..
Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the price elasticity of demand equals
what are these prices? b) How much output is sold at these prices and what is the profit in each market? c) Based on your answer in part a, justify why would the firm charge same or different prices.
Using aggregate demand, short run aggregate supply, and long run aggregate supply curves, describe the process through which each government policies will move economy from one long run macroeconomic equilibruium to another.
Traditionally, two% of the citizens of US live in a foreign nation because they are disenchanted with United States politices or social attitudes. In order to test if this prportion has raised since the September 11, 2001, terror attacks, United Stat..
Shoes For Less (SFL) hires you to estimate the demand for their shoes, and you estimate this to be: Describe the difference in the results between your results and those of original consultant.
Calculate the number of physicians, per thousand population in Canada, from 2002 to 2005. What conclusions can be drawn about the physician coverage of Canada's opulation?
What is the maximum quantity of quarks it can produce and what is the opportunity cost of producing the first 600 quarks?
Recognize three well-founded reasons supporting the potentially beneficial role for government intervention in the workings of private marketplace.
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