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Regarding the Affordable Care Act: Identify and explain the economic impact of one reform initiatives 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 intended impact versus the actual impact.
Suppose there are two inputs in the production function, labor and capital, and these two inputs are perfect substitutes. The existing technology permits 1 machine to do the work of 3 workers. The firm wants to produce 100 units of output. Suppose th..
Identify five to ten policies the government uses to stabilize the economy and summarize the arguments for and against using fiscal and monetary policies to stabilize the economy.
Marketing managers at Home Office Systems, which markets word-processing software to the household consumer, are in the process of preparing annual forecasts and budgeting. Based on their analysis, the following are forecasted for the next year: Sale..
Sea lions have been depleting the stock of steelhead trout. One idea to scare sea lions off the Washington state coast was to launch fake killer whales, predators of sea lions. The cost of making the first whale is $19,000—$8,000 for materials and $1..
Calculate the percentage change in visits, percentage, change in price, and price elasticity of demand using 640 and $40 as denominators for percentage change calculation.
Suppose you are studying the recent rise in shale energy. You know the inverse demand function for shale energy is P = 100 - Qd. The supply of shale energy is P = Qs. However, shale energy can potentially lead to pollution. The marginal social cost c..
The U.S. money supply (M1) at the beginning of 2000 was $1,148 billion broken down as follows: $523 billion in currency, $8 billion in traveller’s checks, and $616 billion in checking deposits. Suppose the Fed decide to reduce the money supply by inc..
A produce distributor uses 1,200 packing crates a month, and each crate is purchased at a cost of $16. The manager has assigned an annual carrying cost of 20 percent of the purchase price per crate. What would the net change (with its direction) in t..
Create a supply and demand graph in (Excel) that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available. You may select your own data points, but you must discuss the relationship between supply and..
In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our natio..
How is the price of health insurance measured? What happened to the price of health insurance in the United States from 1950 to 1980? What has happened since 1980? Why?
q.a consumer is in equilibrium at point a in the accompanying figure. the price of good x is 5.a. illustrate what is
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