Why does taking a drug off a formulary increase the prices to the consumer?

Q: The market for N-95 masks is perfectly competitive. Market Demand is given by Q=310-2P and Market Su...

A: (Market Demand:Q=310-2PMarket Supply:Q=2PPrice ceiling=$44Now,Equilibrium price is achieved when:Mar...

Q: draw a general demand curve and label it D. Then shift the curve to the left or the right depending ...

A: In the beef market, a change in any demand determinants, except own price, will lead to shift the de...

Q: A monopolist serves a market with five potential buyers, each of whom would buy at most one piece of...

A: Monopolist has domination and control over the market for a particular good or service.

Q: 6. Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you ...

A: In consumption-leisure trade-off, consumption is on Y-axis and leisure is on X-axis. 

Q: Acrosonic's production department estimates that the total cost (in dollars) Incurred in manufacturi...

A: Given :  C ( x) = 290 x + 18000  R (x) = - 0.04x2 + 800 x  

Q: Paul loves hot drinks, and he has a part of his weekly budget earmarked for buying them. In the diag...

A: Indifference curve is defined as the curve which shows various combinations of two goods which provi...

Q: Price (dollars) 15 B 10 5 D 50 100 150 200 250 Quantity (units) In the figure above, using the midpo...

A: * SOLUTION :-   

Q: A consumer with a fixed income will maximize utility when each good is purchased in amounts such tha...

A: The total satisfaction that is being derived by the consumer from the consumption of a specified goo...

Q: Which of the following statements about positive incentives is the most accurate? They create additi...

A:

Q: A supply and demand puzzle e following graph shows the market for laptops in 2010. Between 2010 and ...

A: The demand curve is a graphical representation of the negative relationship between the price and th...

Q: The market for N-95 masks is perfectly competitive. Market Demand is given by Q-321-2P and Market Su...

A: First we need to solve for the equilibrium price and quantity. 321-2P=4P⇒P*=3216=$53.50Q*=4*53.50=21...

Q: Question 13 The use of theory and observation is more difficult in economics than in sciences such a...

A: * ANSWER :-    (13) From the given information the answer is provided as below As per guidelines I a...

Q: With an example, illustrate how the multiple deposit contraction process influences money supply.

A: Deposit Contraction - If banks have extra reserves, they can lend more and expand the money supply. ...

Q: FIGURE 2-13 Product Markets Households Firms Factor Markets Refer to Figure 2-13. Which of the follo...

A:

Q: Explain how our standard of living depends upon our level of real GDP per person but there might not...

A:

Q: Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you hav...

A: Answer-

Q: Funny Bunny is considering installing ice-cream stalls on Turtle Beach. The length of the beach is 5...

A: Costs associated with Selling ice-cream : Transportation Cost = 2.5 each  To make = 0.5 each  Overhe...

Q: (a) Identify a recent antidumping case that was brought before the WTO. (b) Identify the nations, p...

A: The GATT of 1994 establishes a number of fundamental rules that apply to trade between WTO members, ...

Q: The market for N-95 masks is perfectly competitive. Market Demand is given by Q=389-2P and Market Su...

A: The total surplus is sum total of consumer surplus and producer surplus. The imposition of quota red...

Q: Suppose two Cournot firms selling identical products attempt to collude, calculate the profit to be ...

A: Let's assume there are two firms, i.e., Firm A and firm B Qa -> quantity of firm A Qb -> quant...

Q: Question 9 0/ 10 A computer printer sells for $376 after a 12% discount. What was its original (list...

A: Computer printer sells for $376 after 12% discount. Hence the original price = 376+12%              ...

Q: 6. A nation has a population of 260 million people. Of these, 60 million are retired, in the militar...

A: Here we calculate the Unemployment rate by using the given information so the calculation of the fol...

Q: Which of the following events will lead to a rise in the level of national income in an economy?    ...

A: Which of the following cases will lead to a rise in the national income in an economy?     

Q: Exhibit 2 Price Supply P2 P1 Q1 Q2 Quantity Use Exhibit 2. Which of the following statements is (are...

A: Producer surplus is the area above the supply curve and below the price line. 

Q: 3) What problem could arise with consumers' net demand functions as any price becomes zero? What axi...

A: Suppose in an endowment economy price of one good hits zero. The problem could be that the consumer ...

Q: Next question The figure shows the labor market in a region. For a minimum wage to change the wage r...

A: Minimum wage is a form of price floor initiated by the government to ensure that the laborers are pa...

Q: The marginal benefit curve for a public good is obtained the same way as the marginal benefit curve ...

A: Marginal Benefit Curve is a downward sloping curve which shows the inverse relationship. i.e. with t...

Q: Instructions: Adjust the sliders so that the vertical intercept of the supply curve is $22.00 and th...

A: As per the given instructions, we adjust the demand and supply curve such that the vertical intercep...

Q: 1.In 2015, the three world's largest exporters in descending order were      A) China, Japan, USA B...

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: In Michael Porter's Diaond Model of National Advantage, this attribute studies which sector a compan...

A: Answer -

Q: Which of the following is NOT a determinant of demand? a. Consumers' incomes b. Expected changes in ...

A: Demand is the quantity for which consumer are willing to pay for certain time and place .  And Deman...

Q: The market price of cheeseburgers in a college town decreased recently, and the students in an econo...

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: Northeastern plans to upgrade the projectors in all classrooms; so they assigned Mary to be the Proj...

A: Answer-

Q: Name two changes that have occurred as a result of the Civil Rights Act of 1991

A: The Civil Rights Act of 1991, so, is a employment regulation that undermines organizations with colo...

Q: Assuming working at home gives you a wage of $100, what would your wage be working in the cubicle of...

A: A) Assuming the provided problem is the utility fxn of workers that is given by "U (w, d) = w/d, We ...

Q: 9. what do hing/ Plaughing beck of obil? tete k adyantages you undeiland by oclained and disadumtage...

A: The percentage of a company's earnings that remains after dividends are distributed to shareholders ...

Q: The demand curve is also the ... O A. total benefit curve. B. total cost curve. C. marginal deadweig...

A: The quantity of an item that consumers are willing and able to acquire at various prices during a ce...

Q: Price of candy New price of Price of ice cream cones = 5.00 2.50 candy = $ 1.25 Quantity of Ice Crea...

A: When price of ice cream cone is $5.00 Price of candy is $2.5 Then the optimum consumption will occur...

Q: The graph shows the demand curve for wallets and the market price of a wallet. 18.00 Vhat is the con...

A: The consumer surplus is the difference between the maximum price consumer wants to pay and actual pr...

Q: A period of two or more quarters during which aggregate output declines is known as      A) a boom....

A: The economics as a study is based upon the idea that the resources which are present with the econom...

Q: A policy that increases total economic surplus but makes one person less well-off may not be economi...

A: ANSWER:OPTION B(may be economically efficient but violates the pareto criterion) The policy that inc...

Q: or has just finished a cup of coffee. He is sitting in his bus on his scheduled lunch break. He thro...

A: Answer - "Thank you for submitting the questions But, we are authorized to solve one question at a t...

Q: The availability of Big Data in real time reflects its O A. variety B. none of these C. volume D. ve...

A: Gathering information from relevant sources requires efforts because researchers generally gets raw ...

Q: Which of the following best characterizes the circular flow of income? Businesses buy resources from...

A:

Q: Inferior goods are best defined as      A) goods that only those who are relatively poor purchase. ...

A: Inferior goods are defined as those goods whose demand has an inverse relationship with the income o...

Q: A known phenomenon in everyday life is that often in a purchase situation there is a deviation betwe...

A: Answer-

Q: How much should be invested now (at present time) at 8% compound interest per year, in order to  rec...

A: In the question above, it is given that : Rate of interest = 8% = 0.08 Amount = $1360.5 Time period...

Q: price index in period 3 is 125 and the price index in period 4 is 120, the rate of inflation between...

A: Price index is measured using fixed basket of goods. 

Q: 2. Externality. The table below lists the expected daily benefits between a resident that owns a tre...

A: There are two agents : Homeowner  & Neighbor Benefit matrix is following :   Homeowner Neighb...

Q: The record of a country's transactions in goods, services, and assets with the rest of the world is ...

A: Balance of payment accounts is a statement that keeps track of all the monetary transactions (i.e., ...