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ECONOMICS of the Affordable Care Act, with a focus on identifying and explaining the economic impact of one reform initiative for each of the following years (2011, 2012, 2013, 2014). Reform initiatives should include insurance, provider, reimbursement and or technology, etc I want you to use the tools (terms and concepts from the course) of economists to analyze how these reforms are intended to impact the cost of health care. Summarize your term paper by sharing your educated opinion if these reforms will work or not, cite your work. 250 work minimum.
Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?
Suppose you are the manager of a golf club with monopoly power. a typical consumer's inverse demand function for your firm's product is Q=100-20Q, and your cost function is C(Q)=20Q. If you apply a two-part pricing strategy, how much would be the mem..
Suppose you live in the United States and plan a vacation in London. You want to find the least expensive airfare ticket, so you request quotes from Independence Airline (a U.S. airline) and Queen's Airways (a U.K. airline). The following table shows..
If a price ceiling is not binding, then
Anne is a bargain-minded shopper. Normally, her favorite toothpaste costs the same at both of her local supermarkets, but the stores are having competing sales this week. At one store, there is a bonus offer: buy 2, get 1 free. At the other store, to..
John and Deanna are married with two children. Both adults have college degrees, but Deanna has chosen not to enter the labor force, while John has worked continuously for 10 years. Suppose Deanna decides to enter the labor force and gets a job with ..
Refer to the figure below. How much is consumer surplus in the monopoly outcome? a. Area C; b. Area R; c. Area D; d. Area C + D; e. Area C + R + D 37. Refer to the figure below. To maximize profit, what price should the firm charge? a. $18; b. $15; c..
The quantity theory of money states that the money supply (M), velocity of money (V), price level (P), and real GDP (Y) are related by the equation . According to this equation, if velocity and real GDP are constant and the Federal Reserve decreases ..
Suppose that GDP is equal to 1000, national saving is equal to 200, the current account deficit is equal to 100, and the government budget deficit is equal to 50. Investment must equal...?
Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. In response, the demand for their bank accounts decreases from 35,000 to 5,000. What is price elasticity of demand for this bank's accounts?
Economists often assume that insurers set premiums (nearly) equal to the AFP for that plan. Is that an accurate assumption? Is a higher “load” on insurance premiums necessarily a bad thing for consumers? When might a higher load be a sign of problems..
Describe the shape of the average total cost function and also label the minimum point on the curve.
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