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What is the Medicaid Notch?
Do you think that the Medicaid Notch is a realistic concept?
Let's say that you are poor with limited income and cannot afford medical insurance. You have a Medicaid benefit (up to $4,000) that will come to you provided that you earn less than $12,000 per year. You are earning $11,000 a year right new, but due to your rising skills, you are offered a job that pays $12,500. You think that the new job will lead to something even better in the future, but you can't be certain about this because you cannot really predict the future. What would YOU do?
Explore how a business manager might use CPI statistics for pricing decisions, production costs decisions, salary decisions, etc.
Consider a bank that has made 100 mortgage loans of the following form: An investor is contemplating the purchase of this pool of mortgage loans. For the investor, the annual rate of return on alternative investments is 4.?2%. Assume that the mortgag..
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
The Chair of the council of Economic Advisers has requested that you write a short paper explaining how economic policy can be used to stabilize the economy and achieve a high level of economic growth during the next five years. Current situation in ..
Assume consumer equilibrium (budget curve and indifference curves). Draw 3 separate scenarios: (1) the price of good x decreases; (2) the price of good y increases; and (3) the budget (income increases). In each scenario, explain the effect on the gr..
Suppose that during the past year, the price of a laptop computer fell from $2,650 to $2,430. During the same time period, consumer sales increased from 495,000 to 664,000 laptops. Calculate the elasticity of demand between these two price–quantity c..
What is the energy source for the electron microscope? What is the energy source for the compound microscope?
bank prime loan rate imports of goods amp per capita income.briefly explain why the three variables are appropriate
Assume that a monopolist has a demand curve given by P = 1500 − 4Q, and T C = 100 + 5Q2 with MC = 10Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Calculate the consumer surplus. Calculate the producer surplus.
Characteristics that Determine Elasticity, presents 4 characteristics that determine how elastic the demand for a product is. List each of these. For each one explain and write a separate paragraph for each.
Nobody likes pollution (or crime, or accidents)! But economists, as they so often do, bring a different perspective to the issue of pollution. Assume that a paper plant dumps the chemicals it uses in making paper into the river it is located next to,..
Suppose the marginal expense of hiring another worker is $150, and the marginal expense of hiring current workers for an extra hour is $10. The added output associated with an added worker, holding both capital and average hours per worker constant, ..
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