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The most important aspect of the 1983 changes to Medicare that introduced diagnosis-related groups (DRGs) was defining 483 categories of illness for treatment.
1. Setting up maximum hospital stays for certain procedures.
2. Switching from retrospective to prospective payment for hospitals.
3. Requiring physicians to seek second opinions before certain surgical procedures are approved.
4. All of these were important changes to Medicare.
What theory or theories would Ima use?
Suppose the demand for a product is given by P = 60 - 2Q. The supply is given by P = 10 + 3Q. If a $10 per unit excise tax is levied on the buyers of a good, what will be the deadweight loss created by this tax.
The learning effect is one form of: a)diversification b) creating value through increasing transactions costs c) creating value through stabilizing transactions costs, d) creating value through decreasing transactions costs
Determine whether a permanent increase in the size of the labor force and an improvement in technology, other things held constant, would lead to an increase, a decrease, or no change in long-run aggregate supply
If a price taker raises its price above the market price,
The marginal private cost (MPC) of such lawn upkeep is represented by the following equation: MPC = 0.5Q, where Q is again the number of hours engaged in lawn upkeep. how many hours of lawn upkeep will occur in this community.
an economy produces only three products a b and c. the prices and quantities for the years 2009 2010 and 2011 are
using the aggregate demandaggregate supply model and the information in the below quote present a rationale for why the
About thirty United States localities circulate their own currency with names like "Ithaca Hours" and Dillo Hours." Doing so is perfectly legal although through law they are subject to a 10% federal tax, which currently the government is not collecti..
Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?
A limited liability company is the best form of business for owners who or in a specific industry, two dominant firms work together to set prices.What we call this
Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the good in this context is given.
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