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Are the outcomes of hospital care different on weekends than weekdays? In a random sample of 500 patients who experienced severe medical complications after admission to acute care wards in three U.S. states from 1999 and 2001, 119 had been admitted on a weekend and 381 had been admitted on a weekday. This compares with a large population of people at risk for such complications in which 14.8% are admitted on weekends and 85.2% are admitted on weekdays (Bendavid et al. 2007). Test the hypotheses. State your conclusions clearly.
The influence of labour unions on wages has been hotly debated over the last decades. Textbook economics would suggest that the introduction of labour unions in wage negotiations would lead to upward wage pressure, reducing employment.
Derive the supply curve for this individual firm. If market price is equal to p=40 what quantity would be supplied? What would be quantity supplied if p=20? With free entry and exit and identical firms what would be the long term supply curve for thi..
Does Walt Disney Company use a traditional, tradigital, or digital platform for its advertising? Compare and contrast each of these approaches for Walt Disney Company.
According to Keynes, why might deflation create problems for an economy?
Imagine you are a member of Congress. Since consumer spending comprises at least 2/3 of real GDP, you know that increasing that spending would boost the U.S. economy in the short run. During a press conference, a member of the press asks you what you..
Who has the same preferences as Bill?. Who has the same indifference curves as Bill? Explain why the answers to (a) and (b) differ.
The blood bank wants to determine the least expensive way to transport available blood donations from Pittsburgh and Staunton to hospitals in Charleston, Roanoke, Richmond, Norfolk, and Suffolk. The supply and demand for donated blood is shown in Fig..
List as many reasons as you can for why a firm would want to differentiate its products from its competitors. Why might a firm choose a product similar.
Suppose people in our overlapping generations model have the opportunity either to hold fiat money with complete safety or to lend someone
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function. Now suppose that there is a competitive fi..
Why do medications cost so high in the U.S. compared to other countries? Should individuals be allowed to purchase medications over the Internet? Why/Why not? Should there be a cap on the mark-up that hospitals or other healthcare facilities charge f..
In “Intellectual Property and Pharmaceutical Drugs: An Ethical Analysis,” Richard T. De George lays out what he comes to call the “Status Quo Approach” as a defence of copyright protection of pharmaceuticals. Do you find this argument persuasive ..
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