Computation of deadweight loss in health insurance

Assignment Help Macroeconomics
Reference no: EM1312759

Influenza Vaccination Question

Let's say there's a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services, including flu shots. Draw a market demand for flu shots and show graphically what the socially optimal number of flu shots is (not considering lives saved). Show how many flu shots will be provided in this market given the insurance. Show the deadweight loss caused by the health insurance.

Reference no: EM1312759

Questions Cloud

Multiple comparison test-lsd and bonferroni test : Determine the pairs which are significant according to LSD and what pairs are important according to Bonferroni?
Explaining and comparing mutually exclusive projects : Explaining and Comparing Mutually Exclusive projects and Eads Industrial System Company is trying to decide between two different conveyor belt systems
Health expenditure on insurance : Jermaine has a health insurance policy that has a deductible of $1,000, a $10 copayment on doctor visits, and coinsurance of 10% on all expenses other than those for which there are copayments.
Comparison of direct and indirect format of income statement : What are the similarities and differences in format of the two cash flow statements and Comparison of direct and indirect format of income statement
Computation of deadweight loss in health insurance : Let's say there's a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services
Computing the average real return for treasury bills : Computing the average real return for treasury bills and Calculate the average real return for Treasury bills over this period
Multiple comparison test-lsd : With this important detail, are there any significant differences with LSD?
Problems which increase insured people : Suppose that in response to learning that some sick individuals were denied health insurance, the government mandates that insurance companies must offer insurance to everyone at unregulated rates.
Statement of cash flows : What question is the direct format of the statement of cash flows designed to answer and What question is the indirect format of the statement of cash flows designed to answer

Reviews

Write a Review

Macroeconomics Questions & Answers

  Intermediate macroeconomics

Use the IS/LM model and the IS-PC-MR model to explain what monetary policy to pursue.

  Computation of exchange rate

Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks

  Equilibrium wage for plumbers in factor market

You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..

  Difference-absolute and comparative advantage theory

Define and describe the difference between the absolute advantage and the comparative advantage.

  Economic recession-effect of invention

Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?

  Finding opportunity cost and comparative advantage

According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.

  Effect of price flooring and price ceiling on demand

Using the following schedule, define the equilibrium price and quantity. Explain the situation at price of $10. What will occur? Discuss the situation at a price of $2. What will occur?

  Lifetime employment system in japan

Japan has traditionally had an employment system characterized by a "lifetime" employment relationship between employer and employee and salaries that are based on length of service with the employer-starting low

  Expansionary fiscal policy

In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?

  Estimate before-tax charcoal price

Give the before-tax charcoal price and quantity exchanged. Give the after-tax charcoal price to buyers, the quantity exchanged, and total tax revenues.

  Describing the problems of bank of canada

What are the two problems facing the Bank of Canada in trying to control the money supply precisely?

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd