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Question:
With the aid of diagrams, explain why employer discrimination reduces firms' producer surplus. Explain why this implies that increased competition in product markets shall decrease discrimination in labor markets.
What is the Relevant Market?
Which had problems with high inflation, the increased use of another country's currency (such as the U.S. dollar or South African rand) became common. Why do you suppose this occurred?
Calculate the total producer surplus at a market price of $5 and How do your answers change if the price falls to $2 - What is the equilibrium price and quantity?
The Coase theorem suggests that efficient solutions to externalities can be determined through bargaining. Under what circumstances will private bargaining fail to produce a solution? Explain with a creative and unique example.
What are some the kinds of incentives for providers for efficiency in delivery of healthcare services. Describe who bears the financial risk, the provider, the patient, or the managed care organization?
What recent economic trends or issues are addressed there? Select ONE economic issue from each website listed above. Explain each economic issue in 6 to 10 sentences.
Are certain actions inherently wrong, regardless of the consequences? Provide examples and/or reasons for your response.
Is butter a normal good or inferior good for Kerry (at his current income)? Explain in words or with a carefully labeled diagram.
Explain a model based on government regulation (price ceiling or floor), a cartel, or a monopoly. Discuss How price is determined; How sustainable you expect the pricing to be over time;
Suppose that the price of a magazine is $3, the price of a movie is 10 and her income is 60. Find her best bundle
A house was bought for $200,000 using a 20 year mortgage at 12% interest rate. After the 120th payment it was refinanced with 6% interest rate mortgage.
What are some of the most prevalent cost reduction strategies in health care organizations? Please share your references.
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