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You believe that next year there is 50% probability that your health care cost will be $5,000 but your spouse believes you will all be healthy and there will be no healthcare cost; however you both agree to buy an annual health insurance plan. An internet site makes you believe in your age group and with family size will spend $4,000 with 30% probability. You decide to make a scientific decision and look for a health insurance policy where the annual premium will not exceed your expected premium. What is your expected annual premium?
How would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working.
Show that the gross increase in profits from raising price by dp equals pqt(1 - tε). Recall that t = (dp/ p). Show that the gross decrease in profits from raising price by dp equals mptqε.
Suppose you know that the actual annual rate of return on a year of education is 5% for both types. Given the numbers in par (c), which type (Alphas or Betas) most likely receives more pure enjoyment from education?
Elucidate how does N the number of firms in the market, affect each firms Demand curve. Explain why.
VetPharm has historically produced and sold drugs for animals; however, one of its products developed for animal use has recently been approved for a similar use in humans. Market research has revealed that at the current per dose price, the elastici..
The tools of monetary policy for altering the reserves of commercial banks are the
What is value of marginal propensity to consume (MPC) in this model Marginal propensity to save (MPS).
Assuming that the current production rates are maintained at the three congress plants, that unusual should management select.
Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and, invariably, create employment possibilities.
Using the information you have learned so far in this class, state what you think will cause market fluctuations over the next few years as the economy struggles to recover. What areas of the economy should be closely watched as indicators of future ..
Which of the following is a key element of the Cournot model?
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