User Account

All Pages

What would you say in the given situation

Assignment Help Microeconomics
Reference no: EM132149003

Question: Suppose that the Secretary of Health and Human Services asks you to briefly explain the difference between technical efficiency and allocative efficiency. What would you say? What examples would you provide? With these examples in mind, where could there be efficiency gains in the delivery of health care services?

Reference no: EM132149003

Questions Cloud

Talking about price elasticity of demand : While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers".
What can you say about the level of the real interest rate : Suppose people in our overlapping generations model have the opportunity either to hold fiat money with complete safety or to lend someone who may never repay.
Write a paper about a recent merger or acquisition : Find and read 2 articles about a recent merger or acquisition. Write a paper of approximately 900 words for each article
Find the marginal product of labor : Suppose the production function for a firm is given by: q=4L0.5K0.25. In the short run, the firm has 16 unitsof capital.
What would you say in the given situation : Suppose that the Secretary of Health and Human Services asks you to briefly explain the difference between technical efficiency and allocative efficiency.
Gasoline prices on the demand for restaurant meals : Is gasoline an economic complement of restaurant meal Are restaurant meals an economic complement of gasoline
Calculate its total revenue : A monopolist faces a market demand curve given by P(y) = 100 y. Its cost function is c(y) = y 2 + 20.
Calculate the company net working capital : FIN 3150 Assignment - Examining a company's working capital needs. Calculate the company's net working capital
What happens to nominal rental payments on capital and land : In Portugal, derive what happens to the nominal rental payments on capital and land. Next, extend the derivation to show what happens to the real rental.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd