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What feature(s) of Medicare would cause an economist to say that “Medicare stinks as insurance”? Medicare supplement insurance is available from the commercial market and most commonly covers ‘up-front’ deductibles and least commonly covers “high-end” risks. Does this model of coverage afford well or poorly with the model of demand for insurance set forth in Ch. 10? What should we conclude from this?
What value of T makes these two cash flow diagrams (See Figure P4-74) economically equivalent at 8% annual interest?
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
In which of the following ways did the English East India Company differ from the Dutch East India Company? It used force to capture established ports like Malacca. It began to concentrate on creating manufacturing centers in South Asia.
Two Cournot competitiors, Nick Limited(firm 1) and Junior LLC(firm 2), face an inverse demand curve p = 400 - 2q in the market (q = q1 + q2). Both producers have a marginal cost of $10 per unit. What is the reaction function for Nick Limited? How man..
Trang has strictly convex indifference curves and is indifferent between the bundles (16, 2) and (2, 4). Use the definition of strict convexity to show that Trang prefers (9, 3) to (2, 4).
q. the st. louis federal reserve bank provides data on both real gdp chained 1996 dollars and real gdp for the united
The accompanying table shows a boat manufacturer’s total cost of producing boats. Quantity of Boats Total Cost 0 $ 450,000 1 $ 490,000 2 $ 510,000 3 $ 520,000 4 $ 540,000 5 $ 570,000 6 $ 610,000 7 $ 670,000 8 $ 750,000 9 $ 870,000 2. For each level o..
Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
A internet company has a fixed cost of $1,750,000 per month and a variable cost of $25 per month per subscriber. The company charges $45.95 per month to its internet customers. The company currently has 75,000 subscribers and proposes to raise its mo..
Draw their budget set (the combination of housing and other goods that they can afford) in housing-other goods space.
What role does rational self-interest play in economic analysis?
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective deamnd and effective supply to maximize profit?
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