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Why is the cost of health care so high in the U.S. and the U.S. does not have the best system. If a person has co-pay health insurance what does he/she base his/her purchase decision on, the real price or what actually comes from his/her pocket? What is demand based on? Should the 3rd party payer system be changed and the party receiving the benefit have the payment come from them? How might eliminating the 3rd payer affect supply/demand and price? Does this question apply to drugs, visits to the doctor or any medical procedure?
Does this 3rd party payment apply to other issues?
Hugo, a manufacturer, wanted to retire. His business had some good contracts. For this reason, Ian wanted to buy the business. Hugo showed Ian his accounts for the last three years, his orders for future work not yet carried out and the debts owed to..
Proposals to raise the minimum wage rate are often opposed with the argument that such a move would not only cause an increase in the unemployment rate but would also hurt the very people it is intended to help. Is there any validity to that argument..
During recession years,
The Marginal Product of Labor and the Marginal Product of Capital are given.
The vast majority of consumers have a relatively inflexible leisure budget. If sports team moves to town, the money one spend taking a family to a game typically is money that is not spent at a local bowling alley, golf course, restaurant or theatre...
Your company headquarters is within the United States in a state with no state income taxes. The company does before tax analysis using a MARR of 14.84%. The company expects its revenue in the current year to be $18,500,000. You are asked to do an af..
Define adverse selection in a general way and then provide a more specific definition of adverse selection in an insurance market and explain how adverse selection manifests itself and becomes a problem in insurance markets.
Determine if each of the following value functions is loss averse. (a) v(x) = 0.25x for x > 0 and v(x) = 0.5 for x ≤ 0 (b) v(x) = √x for x > 0 and v(x) = 0.5x for x ≤ 0 (c) v(x) = ex for x > 0 and v(x) = −√−x for x ≤ 0 (d) v(x) = √x for x > 0 and..
Illustrate what is repayment amount if you make a cash loan. Illustrate what does cost-of-carry of futures or forward pricing mean? Explain how is it related to storage cost of gold.
label a level of population at which the population is expected to decline. Why is the population dexlining at this point?
A problem with third-party financing of so much of health care is that
A decrease in government spending initially and primarily shifts which curve in what direction?
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