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To begin you initial post, research one of the health profession licensing agencies in your state. Analyze and comment on the role this professional licensing group plays in the creation of policy within the profession as well as the impact those policies potentially have on the economics of health services. Then, specifically look at the composition of the licensing agency's board of directors. Describe the present composition of the board membership. Evaluate the social-cultural issues that might influence health economics in your state based on the diversity of the board in question. Is the present composition a fair representation of the community the board is supposed to serve? What, if any, consumer representation exists on the board? Compare and contrast economic challenges and incentives among health care's organizational models such as the licensing agency you have selected.
The costs of a purely competitive firm and a monopoly could be different because the competitive firm has a lower price. the monopoly might experience economies of scale not available to the competitive firm. the competitive firm is unregulated.
Take the specifications provided in the diagram as the base information. Using CostWorks, estimate the total bare cost and the cost per linear foot (LF) for the framework, rebar, concrete, and labor for a 50-foot-long retaining wall constructed in..
What can be the value of using forecasting? How could you use forecasting in your industry or company in a way that's not currently being done? What decisions could be impacted as a result?
According to the table, Pat can collect 40 coconuts per day to Mike's 20, and Pat can catch 35 fish per day to Mike's 28. Using the principles of comparative advantage, answer the following questions: What is the opportunity cost for fish for both Pa..
Consider a competitive seller of iced coffee drinks.Suppose that this seller’s marginal cost of producing an amount of such drinks per week is given.What is this seller’s total surplus at this quantity
If you could live anywhere in the world, where would you choose and why? What is one location in the world you would never, ever live? Why not?
Innovations in seed corn have dramatically increased the productivity of U.S. corn producers. Nonetheless, revenues for corn farmers do not seem to increase. Draw and label a demand and supply diagram for corn in which both curves are relatively i..
Suppose that a 20 percent increase in the price of normal good Y causes a 10 percent decline in the quantity demanded of normal good X. The coefficient of cross elasticity of demand is:a.negative and therefore these goods are substitutes
Buddy operates a handyman business performing various home repairs and renovations. Buddy is successful and has enough loyal customers to keep him busy, along with at least two workers. Buddy occasionally rents out some of his small equipment to othe..
It was reported that the price of kerosene heaters skyrocketed and the number purchased increased during this time. Using a supply and demand diagram, show the impact of the ice storm on the market for kerosene heaters.
Estimate a regression of ln(vio) against shall and (2) a regression of ln( yin) against shalt incarcrate, density, avginc. pop, pb1064, pw!064. and pni1029.
Given an inverse demand function: P = a - bQ; where a = 100, b = 1, and the short-run cost function is C(Q) = eQ + f, where e = 10 and f = 9, if all firms are economically identical:
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