Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Consider the budget set of an individual who consumes health care (HC) and all other goods (OG) . Set up the equation ?rst. Then draw the budget set, clearly mark the intercept with the axes, and also draw an optimal point into this budget set using an indi?erence curve. Now assume that the same individual purchases a health insurance contract with a 30% coinsurance rate at a premium p. Set up the equation of the individuals new budget constraint. Draw this constraint into the old graph, then re-optimize using the indi?erence curve (this is only a graphical analysis). Determine what happens in the new equilibrium. Does the individual buy more or less of OG. Does the individual buy more or less of HC. Explain why.
2. Repeat exercise one and assume the income is $50, 000. The price of a unit of health care is $225 and the price of a unit of OG is $340. The insurance premium is $5, 000 and the coinsurance rate is still 30%. Draw all graphs again and be precise with the budget constraints. You know that in equilibrium the individual buys 120 units of HC. Find the optimal point and draw the indi?erence curve. Then draw the new budget constraint with the insurance and re-optimize. The re-optimization is just graphical, you do not have to calculate anything for that.
*Dayan's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is C = 100 - 5Q + Q2, and demand is P = 55 - 2Q. a. What price should DD set to maximize profit? What output does the firm Produce? How much profit and consumer surplus ..
Evaluate the cash flow for each year relevant to the analysis. Make a table of cash flows, by year. Compute the net present value of the proposed outpatient clinic. Should the administrator recommend the hospital's trustees that the clinic be built? ..
Consider the six reform proposals suggested by the authors at the end of this feature. Indicate why you believe each is either a good or a bad idea
your company maintains a surprisingly large presence in the tiny country of liechtenstein. the prince of liechtenstein
describe a single non-profit provider, describe a model that can be uses to predict the quantity of health care services provided. Identify the health economic issues of non-profit providers, state why non-profit providers or organizations are imp..
Recently, the Fed is paying banks interests for their required reserves and excess reserves. This is now the fourth policy tool for the Fed to control money supply (in addition to the three policy tools summarized on p. 423.). what if the Fed want..
Graph the supply and demand schedule for pizza using $5 through $15 as the value of p. In equilibrium, how many pizzas would be sold at what price?
use a graphical illustration to describe briefly what the influence of each of the following would be on the market
Calculate John's maximum daily profit and what is John's supply curve? Mathematically represent and then explain.
Explain the major risks involved in subcontractor contracts. Then, determine which of the risks involved holds the most risk to the subcontractor. Support your response with evidence or examples.
Find Marens consumption in the two periods ( as a function of m1,m2 and r)3) If the interest rises, how will Maren chanhe her consumption in each of the two periodes
what less conventional monetary policy tools might a central bank use to stimulate the economy How do these tools work In what way is central banking in the euro-zone area different from or similar to the Federal Reserve System
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd