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1. Why have economic analyses of clinical and administrative innovations become more important?
2. A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. Does this analysis adopt a
societal view of costs? Why might this analysis result in a bad managerial decision?
3. Treating a patient with congestive heart failure with tPlex rather than Isother increasesaverage life expectancy to 12.3 years from 11.5 years. The added cost of therapy is $14,000. What is the cost per life year?
4. What does it mean to have market power? Are firms with market power extremely profitable?
5. Why might banning advertising drive up prices?
In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q=180-10P, where P is in dollars.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
The stock of ABC Corporation will go ex-dividend tomorrow. The dividend will be $0.50 per share, and there are 20,000 shares of stock outstanding.
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
Describe how the budget constraint of a household in a two-period model is affected by each of the following changes. In each case, do you think that the household is better off or worse off, or is the answer ambigous? If ambigous, what does the a..
Discuss the four major economic flows that link the United States with other nations and provide a specific example to illustrate each flow.
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Use an appropriate diagram, demonstrate and describe briefly how a increase in minimum wage could result in higher employment in a monopolistic labor market.
Give a full explanation for your answers, and using a country of your choice for illustration, describe which firms are likely to gain and which firms are likely to lose from:
In an article about the financial problems of the USA today, Newsweek reported that the paper was losing about $20 million a year.
Provide an economic profile of the Airline industry. Include an industry profile, Industry size data and current developments and trends within the industry.
Assume the supply of good X is given through Qsx = 10 + 2 Px . How many units of good X are produced if the value of good X is 20?
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