Explain what principles of economics relate to the decision

Assignment Help Microeconomics
Reference no: EM13242005

Critical Thinking: Last year Congress passed a bill creating a new national health care system that is not yet fully explained. What principles of economics relate to this decision? Describe how each relates and what issues must we consider.

Reference no: EM13242005

Previous Q& A

  How far will the proton travel before it stops moving

A proton moving at 3.1×105m/s to the right enters a region where a uniform electric field of magnitude 53kN/C points to the left

  Why good investment to spend more income getting education

It is clear that more education results in higher average life time earnings. Therefore, can we conclude that it is always a good investment to spend more income getting more education

  Its return on equity has dropped from 12.25

Moogle, Inc. is in the same business as Google, Inc., but has recently retired all its debt to become an all-equity firm. Its return on equity has dropped from 12.25% to 10.60% as a result of this

  Explain why are trade negotiations usually mercantilist

Why are trade negotiations usually mercantilist, ie, why does country A agree to reduce its trade barriers in exchange for country B also agreeing to lower trade barriers, when economic theory says that both A and B benefit

  Use the internet and strayer databases to research

Use the Internet and Strayer databases to research the elasticity of demand for consumer goods and services in an industry of your choice. Be prepared to discuss.

  Explain what is the final temperature of the coffee closest

When an ice cube is dropped into a Styrofoam cup containing 195 g of coffee at 97.0 oC, the thermal energy used to melt the ice is 2.1 kJ what is the final temperature of the coffee closest to ? (Assume a specific heat of 4.184 J/g oC for the coff..

  Determine the economic capacity of the firm in part

(1)Suppose a firm produces and sells its output at $38 per unit, in what market is such a firm operating (2)Determine the economic capacity of the firm in part(1) if the firm's total cost function is TC(Q)=40Q-2Q2 +0.5Q3

  What are the radius of curvature r

You are designing a banked turn at an automobile racetrack, The coefficient of static friction between the track and the tires is 0.400. What are the radius of curvature R and banking angle

  Explain rock was was estimated using 238u radiometric dating

The age of a rock was was estimated using 238U radiometric dating. The ratio of 238U to 206Pb (238U decays to 206Pb) was approximately equal to 1. If the half-life of 238U is 4.5 billion y, and if it is assumed there was no 206Pb initially, how ol..

  Provide rationale for your response from the e-activity

From the scenario, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs.

Reviews

Write a Review

 

Similar Q& A

  What is the estimated budget for the recruitment

Project labor authorization for January 2017 and What is the estimated budget for the recruitment exercise if the estimated cost of recruiting one employee during the period would be k1500.

  Is there a statistically difference in mean golf scores

You would like to determine if the average golf scores for women are different from the average golf scores for men. A random sample of female students scored an average of 115 with 95% confidence interval (112, 118). A random sample of male stu..

  Stockpiled lobster-price elasticity

Describe the effect of increase from 1998-1999. How would the increase in demand affect the price? How would the price effect depend upon the price elasticity of supply? Please describe how. (Explain the illustration instead of actually drawing it)

  The marginal product between two types of workers

If technology advances so that computers become more useful to the firm.what happens to the marginal product of the two types of workers.

  Underlying assumptions of kinked-demand curve

What assumptions about the rival's response to price changes underlie the kinked-demand curve for oligopolists? Why is there the gap in the oligopolist's marginal-revenue curve? How does the kinked-demand curve describe price rigidity in oligopoly..

  Did merger affect the product or price

Mergers are treated differently, depending on the type of merger and the effect on the industry. There are three types of mergers: Horizontal mergers are between companies selling similar products in the same market; Vertical mergers are between f..

  Explain sources of growth in the economy

List at least four sources of growth in the economy along with two examples of each source. Explain what it contains and why these sources are important.

  Consummate-calculated risk

Describe an example of risk calculation found on the web and what risk calculation technique is illustrated by your example? Would you have employed a different risk assessment technique than used in your example, and why?

  Find the total surplus

The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $49 and the price at point e is $24 per bag. The price at point f is $48 and the price at point g is $13 per bag.

  What is the significance of the lau v. nichols case

What are some of the reasons for the largest immigrant trend in the US since the 1970s and although the public has always been divided over bilingual education, why is this truer today than ever before?

  Question about demand curves

The demand for new motor homes in the US is highly cyclical and sensitive to diesel fuel values and interest rates. Given these characteristics, explain the effect of the following on quantity demanded

  Describe the various terms in the ad curve

This is a challenging question and involves algebraically solving system of two equations given by AD abd AS curves. The equations for the curves are given through the following:

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