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A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between ?0.15 and ?0.35. What is your forecast of the change in the number of visits?
Why is the demand for healthcare products usually inelastic?
You estimate that the price elasticity of demand for clinic visits is ?0.25. You anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per year. What is your forecast of the change in the number of visits?
You are a manager for a regional health system. Using an estimate of the price elasticity of demand of ?0.25, how much will ambulatory visits change if you raise prices by 5 percent?
Should a country's income be distributed to its members based on their contributions to production of that total income or according to the member's requires?
Explain why should you, as a future employe, be concerned about the downward trend in labor productivity increases that have been observed since the early 1970s.
Explain how many baseball jerseys will you sell in Los Angeles and how many in Brooklyn. What will be the price of your jersey in Los Angeles and what will be the price in Brooklyn.
Assume that MPC is 0.8, while the sum of planned investment, government purchases, and net exports is $500 billion. Assume also that the government budget is in balance.
The Wozniak Corporation, a maker of aircraft engines, determines that in 2008 the demand curve for its product is as follows-What is the price elasticity of demand if price equals $500?
Explain how might these regulations be thought of as being a negative technological change.
Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.
A topic that reflects one of the following: government regulation of environmental issues in the wake of disasters; government regulation of financial markets; government nationalization or partial-nationalization of a business often left to priva..
Describe and answer in economic terms the question, should a company hire temp teachers or hire new teachers?
Explain How did the resolution affect the short and long run costs of the firm. What are the lessons to be learned that can be applied to your position at Acme Motors in Nuevo Laredo.
Explain how would you respond to this question. Explain how might the bank tie in the concept of utility maximization into the campaign.
Discuss the information-gathering techniques and design methods you would propose to use for the project.
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