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In economic literature policy instrumentation has usually been discussed from normative point of view. In particular, the analytical apparatus of welfare theory is well equipped t
Health Economics - derivation of the contract curve: 01. Consider the Edgeworth box with the production of consumption goods B and health- investment goods I. (a) Briefly expl
Question 1: "The only social responsibility of business is to increase its profits" wrote Milton Friedman, Economics Nobel prize winner, in an article in the New York Times Mag
In the context of hospital care, explain and distinguish between occupancy rate, capacity, and utilization.
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Question 1: Briefly (three or four paragraphs) give reasons for your answer. (a) In studying the public sector, economists should use either positive or normative economics
U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private
1. is pareto improved demonstrated using the edgeworth box daigram?
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