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Which of the following statements about the distribution of physicians among specialties is true in the United States?
a) The majority of physicians specialize in general/family practice
b)There are twice as many generalists as there are specialists
c)There are twice as many specialists as there are generalists
d)The specialty distribution in the U.S. is similar to that of the rest of the world
Airlines practice price discrimination by charging leisure travelers and business travelers different prices. Different customers pay varying prices for essentially the same coach seat because some passengers qualify for discounts and others do no..
You have a utility function characterized by u(c)=c^(1/2). If you have just $5 before you play the game (so you have just enough to play), what will your expected utility be if you decide to play the game?
Assume that the demand changes to QD = 600-2P and the supply function stays the same. Graph the new situation in Excel. Find the new equilibrium price and quantity, and show it on your graph.
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition.
Give at least two examples of a perfectly competitive market and explain what characteristics led you to that decision. Second, give at least two examples of a monopoly market and explain what characteristics led you to that decision.
Discuss and explain the limitations of the United States "supply side" policy in the war on drugs. Can we win the war on drugs? Describe your position on legalization.
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, like obesity and heart disease. Answer the following: in 600-800 words
If the firm uses a discount rate of 17.5 percent, what is the NPV on this project? what is the NPV of this investment?
Please refer to Citizen Gas Company PDF for case study and questions. The case study belongs to Economics. Citizen Gas Company is a medium sized company with customers from residential, commercial and industrial sectors.
What happens to the price of bonds when the Fed sells bonds? What happens to the interest rate? What happens to the money supply?
Describe planning or operating decisions for your new or existing good or service based on the economy's stage in the business cycle and other economic conditions.
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