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Describe the problem of “adverse selection” when health insurance is offered at a community rated premium? Define the term “community rated premium” as well. Is it possible to address the problem of adverse selection by increasing the premium level? Why? Describe two approaches that can be adopted by the insurance companies for reducing the severity of adverse selection problem.
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
Elucidate what happens to real GDP when it is initially to the right of the equilibrium point and why. Indicate two public policies which would be appropriate for addressing this situation.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
determine what sales price must be obtained at the end of that period in order for Amjay to break even, when the interest is 12 percent.
q1. briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.q2. assume
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
q1. if the economy currently has a frictional unemployment rate of 2 percent structural unemployment of 2 seasonal
Explain how can each of the 10 principles be applied in an example or expeerience with which you are familiar.
A country has national saving of $70 billion, government expenditures of $20 billion, domestic investment of $30 billion, and net capital outflow of $40 billion. What is its supply of loanable funds?
Explain why the firm will or will not experience diminishing marginal returns to labor in the short run if its production function is.
Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. Which one of those functions does it show? The event may have occurred in the p..
q1. suppose a health expenditure function is specified in the following manner e 500 0.2y where e represents annual
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