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1.Given the cost function and economics of scale and scope information reviewed, does a policy encoouraging large, centralized hospitals seem wise? Will market forces tend to reward centralization of hospital services?
2.Describe the aspects of health that make consumption good. Describe theories that make it an investment good.
The company from which Karen is renting decides to try a new pricing strategy whereby the additional cost falls as more tents are rented. The following chart details Karen's total willingness to pay and the total cost of renting tents under the co..
suzie purchases two goods- food and clothing. she has a utility function u9x,y0 x*y where x denotes the amount of food consumed and y the amount of cloting. the marginal utilites for this utility function are MUx=y and MUy=x she has income of M do..
Suppose the airline is offered $4,000 per week to haul freight along the route for a local firm. This will mean replacing one of the weekly passenger flights with a freight flight (at the same operating cost).
Many would consider the US Postal Service a publically good. Is this assumption valid.
Compare and contrast between the economic effects of increasing spending versus reducing taxes.
Aaron Hank is a star hitter for the Bay City Baseball team. He is close to breaking the major league record for home runs hit during one season, and it is widely anticipated that in the next game he will break that record.
Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. What is the unemployment rate and which contract should the player accept, based on the concept of present valu..
The year 1998 saw an unprecedented number of mega-mergers in the banking industry: NationsBank with BankAmerica, Bank One with First Chicago NBD, and Citicorp with Travelers Group, to name the three largest mergers.
Illustratr what can you infer regarding the own price elasticity of demand for Big G cereal.
Utilize supply and demand analysis to explain why the equilibrium price of apples will rise and the equilibrium quantity will fall if an excise tax is levied on apples.
Despite the tremendous economic strides made during our current era of globalization, our world is split largely between those who have benefited greatly from globalization and those who have not (many of whom have actually been hurt by it).
A monopolist faces the demand curvep =11 - Q , where Q is measured in thousands of units. What is the monopolist profit maximizing price and quantity? What is the profit?
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