19. Providing full medical student loan forgiveness for all physicians who agree to practice for at least 5 years in a medically underserved area (MSA), especially rural areas, would likely help to address the lack of health care...
Q: pple sells 10 million iPhones at $100 each. Apple increases the sale price to $200. Sales decreased…
A: Price = 100 sells Quantity - 10 million Price = 200 sells Quantity - 9 million
Q: output and multiply by the price of output.) Widgets Gizmos and prices for years 2006 and 2007.…
A: The GDP deflator is a tool to estimate the prices for domestically produced final goods and…
Q: 5. Draw a market with a non-binding price floor and intuitively explain what will happen, and why,…
A: Price floor is a type of intervention done by the government to prevent the limit the fall of prices…
Q: The average total cost curve is intersected at its minimum point by the average variable cost curve…
A: When talking about the relationship between ATC, AVC, and marginal cost, it can be said that AVC…
Q: Economies of scale is an economic term that describes a competitive advantage that large entities…
A: Economies of scale are financial benefits that can happen as a business expands its manufacturing…
Q: The small happy Kingdom of Pollyanna does not trade with the rest of the world, but uses U.S dollars…
A: A deadweight loss is a cost to society created by market inefficiency, which occurs when supply and…
Q: 12. Which of the following is true of real GDP? 1. It is adjusted for changes in prices. II. It is…
A: The final products and services generated in an economy over a specific time period are referred to…
Q: Balin's Burger Barn operates in a perfectly competitive market. Balin's is currently earning…
A: In perfect competition, Price is always equal to marginal cost. And there is always zero profit.…
Q: No Plagiarism Please! • Distinguish between absolute advantage and comparative advantage.
A: A nation has an absolute advantage if it can manufacture a wide number of products with the same…
Q: Machine that cost $150,000 and on which $120,000 of accumulated depreciation has been recorded was…
A: Given is the following information in the question: Cost of machine = $150000 Accumulate…
Q: Suppose the price elasticity of demand is given by E= 90 What quantity level maximizes total…
A: The concept of elasticity is used to study the changes in quantity demanded or supplied due to…
Q: The profit maximizing condition for a purely competitive firm is when... Price average total costs…
A: Perfect competition is the market structure with large buyers and sellers. The market structure…
Q: This table indicates the historical level of the Consumer Price Index (CPI) for the United States…
A:
Q: We have the following price level data: Year 1 is 500 Year 2 is 550 Year 3 is 638 Year 4 is 638…
A: DISCLAIMER “Since you have asked multiple questions, we will solve the first 3 subparts for you as…
Q: Suppose income increases. then Question 10 options: a) demand increases for all goods b)…
A: There are two types of goods depending on their with income.
Q: Assume that a consumer consumes two diff erent goods, and the utility function is u(x)= u (x1, x2) =…
A:
Q: Kyoko currently earns a_________(nominal or real) wage of $12.00 per hour; in other words, the…
A: Nominal Wage refers to wage given in hand in monetary terms. For eg: a worker earns $10 per hour.…
Q: Explain Crowding Out with a foreign sector and where the U.S. Treasury has access to foreign…
A: The crowding out effect is an economic theory arguing that rising public sector spending drives down…
Q: 2-3 Recall our discussion of price gauging of necessities during natural disasters. a) Briefly…
A: (a)Price ceiling refers to the highest amount that a seller may legitimately charge for particular…
Q: A potential negative effect of advertising for society is that it can Multiple Choice be the…
A: A collection of individuals that reside in a recognisable neighbourhood and have similar cultural…
Q: QUESTION #1: As you move down an indifference curve, the absolute value of the slope A) increases.…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Refer to the information provided in Figure 6.15 below to answer the questions that follow. Number…
A: As per Bartleby guidelines I have done four subparts at a time. Please repost rest of questions. I…
Q: QUESTION 3 if you invest $1,000 for 3 years in a term deposit with simple annual interest rate of…
A: The initial amount we start with and the interest that has been accrued on it after the period has…
Q: What is the value of an investment after 8 years that earns interest rate 5% annually. Its original…
A: Introduction: It is given in the question that the original investment value is P120,000 and we have…
Q: Variable costs are
A: The costs that are related to the manufacturing of the items are known as variable costs, and the…
Q: Use the below table to calculate the amount of federal income tax that Kristen should report if she…
A: Federal income tax is collected from individuals and corporations on the basis of their income…
Q: In Autarka there are 9600 people who like to visit an amusement park. Each of these consumers wants…
A: Let, the price of admission at Alfonso's Wonderland be = $PA. The price of admission at Bernice's…
Q: economy of Grossmania produces three goods: Widgets, Gizmos, and Thingamajigs. The accompanying…
A: Real GDP is an inflation-changed estimation of GDP. It is the gauge of the total value of all goods…
Q: 18. Consider the IS curve in Figure 8.1. If the interest rate increases and there is a positive…
A: The IS-LM model demonstrates the interactions between the money market and the goods market. The…
Q: Given that If Alfonso's marginal cost is $6, their best-response function is, Pa=(Pb+30)/2 and If…
A: Given, Best Response Function for Alfonso: PA=PB2+15 Best Response Function for Bernice: PB=PA2+18…
Q: 1. In Town A there is only one newspaper, Daily Outrage. The demand for the paper depends on the…
A: Price elasticity of demand Price elasticity is a concept used by economists to analyze how changes…
Q: Question 6 Explain how the following situations would affect a nation’s production possibilities…
A: PPF or Production Possibility Frontier is a curve that shows the production of a combination of…
Q: Suppose the government establishes a new city with 1 million workers, leaving 11 million workers in…
A: given that, Formation of New Cities Consider a region with a workforce of 12 million in a single…
Q: Firm Market Share (%) A 20 B 20 C 20 D 20 E 10 F 10 The Herfindahl index for the industry…
A: The Herfindahl index measures the size of firms in relation to their industry and indicates the…
Q: The country's GDP is 600 billion euros, and full unemployment GDP is 400. What should be done with…
A: Gross domestic product(GDP) estimates the monetary worth of conclusive/final goods and services that…
Q: The required reserves rate is 20%, deposits = $400 mil. What is the possible increase in the money…
A: The total amount of money that is in circulation in the economy at any particular time is referred…
Q: When the cost of dough-making machines fell by 10 percent, the demand for assistant bakers fell by…
A: Cross wage elasticity measures how responsive, demand for one input is to changes in price or wage…
Q: 2. Using the cost table data and route network shown, determine the traffic flow and other…
A:
Q: A restaurant hires cooks and waiters. Cooks earn $10 an hour; waiters earn $5 an hour. The manager,…
A:
Q: If a server was laid off at the beginning o the pandemic due to a lack of customers coming to their…
A: There are various kinds of Unemployment Cyclical Unemployment Frictional Unemployment Structural…
Q: A partnership will generate revenue p = 2x + y + xy, where x and y are the efforts of partners 1 and…
A: Given that, A parternership will generate revenue p = 2x + y + xy Where , x and y are the efforts…
Q: Suppose f(x1, x2)= x1 1/3x21/2,w₁=w2=1,for pr ofit maximization, what is the long-run cost function?…
A: Given Production function: fx1,x2=x11/3x21/2 ........(1) Input prices are w1= w2 = 1 We…
Q: The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1,600 boxes to…
A: Given that, The Campus Crustacean Company receives $2 per box number of boxes selling = 1,600 boxes.…
Q: Three major means of collusion by oligopolists are Multiple Choice cartels, informal…
A: Collusive oligopoly is a structure of the market, in which there are few companies in the market,…
Q: The MR = MC rule applies Multiple Choice in the short run but not in the long run. in the long run…
A: For profit maximization, a perfectly competitive firm follows following two rules: The first…
Q: Inflation and Money - End of Chapter Problem In 2003, Julia Roberts was paid a then-record…
A: Consumer price index (CPI) measures the average change in prices paid by consumers over a period of…
Q: Consider the market for hamburgers in Dallas, where there are over a thousand burger joints at any…
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…
Q: Projects A and B have identical expected lives and identical initial cash outflows (costs). However,…
A: The difference between the PV of cash inflows and the initial investment cost is called NPV. It is a…
Q: Consider a worker who consumes one good and has a preference for leisure. She maximizes the utility…
A: Given Consumer utility function:u(x,L)=xLu x represents the consumption of a good and L denotes…
Q: If there are significant economies of scale in an industry, then Multiple Choice a firm that is…
A: The cost advantages a business gets as a result of expanding its output level are called economies…
Step by step
Solved in 2 steps
- 2. A) Discuss health insurance contract? b)What schemes are applicable for routine medical check-up and diagnostic tests?Situation A: If a person lives for 3 years with a disease and the current standard of care for that disease means he/she lives with a utility level of 0.7 .-What is the QALY? If that person takes a new medicine (Medicine A) because of which his/her utility level increases to 0.8,-What will be the new QALY? Calculate the benefit of new medicine.Economics in detail describe how does the environmental behavioral, ethnic and delivery of healthcare issues determine our heath? describe the relationship between health and observation ; include examples to suport the relationship between determinants of health and and the obseevation of a neighborhood grocery store. ( harris teeter and Food lion).
- 1. If you are trying to use a RDD setup to evaluate the effect of health insurance on health, and you qualify for a health insurance subsidy if your family income is below $20,000. What's the running variable? What's treatment, and what's the outcome?Which one among these is not one factor that makes health care service difficult to insure? 1.future expendature on health care is uncertain 2.the payment for each health procedure are determined by insurers 3.Health care providers are paid based on their service rather then their outcome from their serviceExercise 2. Describe the difference between allocative efficiency and productive efficiency in theproduction of health. Assume researchers prove beyond a shadow of doubt that allocative efficiencyand productive efficiency are both causal mechanisms for the production of health. Should theUnited States spend more money educating its citizens if the goal is to become the healthiest nationin the world? [
- 1. Fun with cost-sharing. An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. a. Suppose a consumer’s demand for a particular medical procedure is Q = 100 − PP. Draw her demand curve in PL–Q space under the assumption of no insurance and label it D1. You will have to think about the relationship between PL and PP to draw it correctly. b. Now assume the same consumer is fully insured. Think about how this affects the relationship between PL and PP and draw a full-insurance demand curve in PL– Q space. Label this curve D2. c. Finally, assume the consumer is part of a partial insurance plan with a copayment provision. Her insurance pays all expenses above and beyond her copayment of…B.You are interested in the relationship between health and income at individual level. If you had no practical, financial, or ethical constraints, how would you determine if education had a causal impact on health at? Question 2: a. Provide definitions of “sustainable development”: first, according to the Brundtland Commission (1987) and second, according to how most economists would define it.In one thinks in terms of marginal costs vs. marginal benefit why should we not double the government's expenditure on medical care
- Consider Ron’s demand for after school care for his children. The marginal benefit Ron receives for every hour of childcare is provided in the accompanying table. After school childcare(hours per day) Marginal benefit($ per hour) 1 $32 2 $30 3 $20 4 $14 a. If an hour of childcare costs $24, how many hours will Ron purchase each day? Assume Ron can only purchase care in one-hour increments (no partial hours). b. If an hour of childcare costs $18, how many hours will Ron purchase each day? Assume Ron can only purchase care in one-hour increments (no partial hours).Create one “pro” paragraph in support of the issue and one “con” paragraph against the issue about Mandatory American Health Insurance7. Oster (2020) “Health Recommendations and Selection in Health Behaviors” which found that spurious links between health behaviours and good health outcomes can be self-reinforcing if individuals who engage follow the recommendation also engage in other positive health behaviours. a) Briefly describe in your own (layperson) words what this implies about false positive findings and null findings. b) Can you think of an example where the opposite is true? That is, individuals who follow the recommendation also engage in negative health behaviors. c) Suppose a medical examiner (coroner) is deciding the cause of death of a recently deceased patient. The patient overdosed and is unclear whether the overdose was accidental or intentional (i.e., suicide). The medical examiner remembers hearing on the news that morning that suicides have been rising in recent years. What does this imply about the likely cause of death the medical examiner will record on the death certificate? What does this…