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Q: According to economics, human capacity is theoretically____________ A(none of the answers] B…
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Q: Please assist with the relevant graphs for the four major macroeconomic issues that were caused by…
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- The difference between retrospective versus prospective reimbursement is that: a. Prospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; retrospective reimbursements are based on set standards such as DRGs in the case of hospitalizations. b. Retrospective reimbursement is cost-based and payments are based on each healthcare services/goods done or given; prospective reimbursements are based on set standards such as DRGs in the case of hospitalizations. c. Both payment systems practically mean the same thing since it is a way to reimburse providers of health care services on the services they have already given to patients. d. None of the choices are correctPlease relate the current Covid-19 pandemic issues to any concept in Microeconomics. You can answer by giving an example and discuss it thoroughly.Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies. In contrast, credit card companies offer their customers a type of insurance called “credit life insurance” that pays off the credit card balance if the cardholder dies. Would you expect insurance premiums to be higher (per dollar of death benefits) on standard life or credit life policies? Explain.
- Considering the mitigation of damages rule, the formula for damages is the amount generally recoverable as damages less the amount of loss the injured party could reasonably have avoided by stopping performance, making substitute arrangements, or otherwise. True FalseQ) In a standard economic analysis, setting a higher copayment rate per day of hospital care 1) Has the beneficial effect of discouraging unnecessarily long stays 2) Has the harmful effect of subjecting the consumer to more financial risk 3) Shifts some of the costs of care from the insurance premium to out-of-pocket payments 4) All of the above Solve it early I upvote choose option correctlySuppose there are three types of used cars that consumers are willing to purchase: “Good”; “OK”; and “Bad”. Consumers are willing to pay $10,000 for a Good car, and because they will require more work, consumers are willing to pay $7,000 for an OK car, and $3,000 for a Bad car. All types of car appear identical to consumers—the only differences are with regard to latent mechanical and electronic attributes that can be detected only by an expert. Although there is no way for consumers to determine the type of car they are purchasing before they purchase, all consumers know that 50% of used cars are Good, 25% are OK, and 25% are Bad. Further, consumers will be able to determine what type of car they have purchased after owning the car for 3 months. The attached table describes the minimum price that sellers of different types of cars are willing to accept from a buyer. Suppose that a car seller can purchase a report that credibly reveals the true type of their car for $300. Who will…
- Suppose there are three types of used cars that consumers are willing to purchase: “Good”; “OK”; and “Bad”. Consumers are willing to pay $10,000 for a Good car, and because they will require more work, consumers are willing to pay $7,000 for an OK car, and $3,000 for a Bad car. All types of car appear identical to consumers—the only differences are with regard to latent mechanical and electronic attributes that can be detected only by an expert. Although there is no way for consumers to determine the type of car they are purchasing before they purchase, all consumers know that 50% of used cars are Good, 25% are OK, and 25% are Bad. Further, consumers will be able to determine what type of car they have purchased after owning the car for 3 months. Suppose that the attached table describes the minimum price that sellers of different types of cars are willing to accept from a buyer. Given these values, what type of cars will be sold in the market? A) Good cars only B) Good and OK cars…One of these is NOT TRUE about Cost-utility analysis: a. It measures outcomes in Quality Adjusted Life Years (QALY), and Disability Adjusted Life Years (DALYs) b. Cost is measured in monetary units c. The limitation of this analysis is that it is difficult to compare the interventions with differing natural effects d. It is used to make policy level decisionsDiscuss some of the trade-offs and the challenges of a move to an enterprise-levelanalytics solution for companies and their individual end users who might have grownaccustomed to working with their own customised solutions for generating data.Back your discussion with i) critical review of relevant literature, ii) the case of NationwideInsurance (Support Case presented in the next section of this assessment brief)
- Adam and Eve live on two sides of the Garden of Eden, a small suburban development. After they move in, an old dump containing the carcinogenic chemical polychlorinated biphenyl (PCB) is discovered between their houses. If X total tons of PCBs are removed from the dump, Adam and Eve have a true WTP to finance a cleanup as follows: Adam’s WTP is higher than Eve’s. Does this necessarily imply that Eve is less concerned than Adam about exposure to PCBs? Why or why not? Draw one diagram illustrating the two individuals’ demand curves for cleanup and the total demand for cleanup in the neighborhood. What is the total WTP for 3 tons of cleanup? For 4 tons? If cleaning up 2 tons were to cost $12, is the WTP in this small community sufficient to finance it? What are the two potential reasons why a voluntary cleanup might nevertheless fail?Assume a market basket consisting of gasoline (10 gallons), milk (3 gallons), ground beef (6 pounds), and men’s underwear (1 pack). While it may seem strange, former Federal Reserve Chairman Alan Greenspace often monitored sales of men’s underwear as a broader indicator of economic health. Calculate the cost of the market basket given current prices for gasoline ($3.25/gal), milk ($4.10/gal), ground beef ($3.59/pound), and men’s underwear ($9.49/pack). The cost of the market basket one year ago was $71.16. Calculate the year-over-year inflation rate.Question content area Part 1 The potential market represents all active duty military members, allveterans, and their families. Assume that according to the United States Department of Defense, as ofDecember 31, last year there were 1 comma 361 comma 597 active duty personnel in all armed services.The veteran population totaled 21 million last year. Assuming the average cost of life insurance is $750 peryear and that potential customers purchase one policy per year, use the chain ratio method to calculatethe market potential for life insurance in the military market. Hint: see the Market Potential and SalesEstimates section of Appendix 3 Marketing by the Numbers in your textbook. Part 2 The number of buyersin the market can be estimated as 22,361, 597. (Round to the nearest whole number.) Part 3 Themarket demand is estimated as $16.77 million. (Round to the nearest whole number.)