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1: Why are most healthcare providers able to charge different groups of purchasers different prices for the same products? Provide an example of this currently in practice.
2: Your marketing department estimates that Medicare urology visits equal:
5 - (1.0 x C) + (-6.5 x To) + (5 x Tr) + (0.01 x Y)
Here, C denotes the Medicare co-payment (now $20), To is waiting time in your own clinic (now 30 minutes), Tr is waiting time in your competitor's clinic (now 40 minutes), and Y is per capita income (now $40,000).
a) How many visits do you anticipate?
b) Medicare's allowed fee is $120. What revenue do you anticipate?
c) What might change your forecast of visits and revenue?
ABC is monopoly seller of aluminum in United States and sells no aluminum on world market. It sells aluminum domestically for $2500 per ton and its average expense is $2200 per ton.
Now suppose the world relative price of a cars is Pc/Ptv=1. A) In what good will each country specialize? Briefly explain why. B) Graph the new world price line for each country in the figures in problem 4, and ass a new indifference curve (U2) for e..
Consider a Canadian family of five - two adults and three children (age 5, 9 and 12). Currently there are two wage earners in the family - the husband's annual.
What does it mean to critically evaluate an economic event or resource in the context of an accounting standard; what is actually being evaluated and how?
Briefly explain the economic system for the command economy you named above. Show that you have used the CIA Factbook and other research sources without copying and pasting from those sources.
In neoclassical growth models, the sources of growth, is exogenous usually "technology". Such theoretical models hence are able to describe how an economy.
The same as real money demand and real money supply.
Find the equation for planned aggregate expenditure as a function of output and the real interest rate - Calculate the level of short-run equilibrium output at each inflation rate.
How do fiscal policy decision made by the government impact the aggregate demand-aggregate supply model?
If there were a merger between Silver Streak, Trains R Us, Thomas Trains and The Fastest Trains, what is the new industry Herfindahl Index? Would the Justice Department allow such a merger?
Suppose that Roots' marginal cost of a jacket is a constant $100 and the total fixed cost at one of its stores is $2,000 a day. This store sells 20 jackets.
List all possible winning coalitions
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