Suffering from a nasal tissue blockage

Assignment Help Business Economics
Reference no: EM13830513

Fred was suffering from a nasal tissue blockage that could be corrected either through an operation or with medical treatment for about two months. Fred's doctor clearly told him that the condition was not acute and he did not need surgery. Fred, however, insisted on the surgical removal of the blockage, being aware that his medical insurance would cover the entire cost of this surgery. The situation described here can be associated with which of the following problems?

A) Price dispersion

B) Moral hazard

C) Lemons problem

D) Prisoner's dilemma

Reference no: EM13830513

Questions Cloud

The result of deviations in performance not changes in metho : The same accounting methods should be applied from period to period and all changes to more acceptable methods should be well explained and justified. Deviations in measured outcomes from period to period should be the result of deviations in perform..
Offer policies covering all of firms employees : Group health plans, that offer policies covering all of a firm's employees, can partly address the adverse selection problem by:
Comparisons for the same entity : Information must be measured and reported in a similar manner by all types of businesses. This allows comparison of the financial statements of different entities (businesses) or comparisons for the same entity (business) over different periods.
What is the definition of justice : What is the definition of justice? What role should the public have in the determination of justice? What role should the media have in the determination of justice
Suffering from a nasal tissue blockage : Fred was suffering from a nasal tissue blockage that could be corrected either through an operation or with medical treatment for about two months. Fred's doctor clearly told him that the condition was not acute and he did not need surgery.
Strengths and weaknesses of the criminal behavior theories : Identify the strengths and weaknesses of the criminal behavior theories. Which theory do you think is most applicable to the cause of criminal behavior today and why? Support your answer.
Assumption requires every business to be accounted : Assumption requires every business to be accounted for separately from the owner. Personal and business-related transactions are kept apart from each other. In other words, the separate personal transactions of owners and others are not commingled wi..
Write a paper that military personnel should receive rights : Write a two page paper arguing whether military personnel should or should not receive rights and/or liberties not afforded to non-military citizens. In the paper, include the opposing position along with your rebuttal.
Preferred method of calculating a contingency reserve : What is the preferred method of calculating a contingency reserve

Reviews

Write a Review

 

Business Economics Questions & Answers

  Suppose that there are two grades of professional football

suppose that there are two grades of professional football players. there are a restricted number of stars whom the

  Firms resources limit its search for opportunities

Explain how might a firm's resources limit its search for opportunities. Cite two specific examples for two specific resources.

  Industrial breakthrough raises a countrys total factor

Show how the answer depends on the shape as well as location of the supply as well as demand curves.

  Illustrate what is the mrts

Convert the production function into its normal form. Illustrate what is the MRTS, if price of labour is $120 and the price of capital is $200?

  Labor and capital costs

If each test provides$6 net marginal revenue before labor and capital costs, is expansion advisable? Show all your work and explain your answer well.

  How many alligators you keep and the amount of money spent

The marginal damage to your neighbor's business is a function of how many alligators you keep and the amount of money spent on a fence that separates your properties:

  Pros-cons of putting price ceiling on prescription medicine

Critically analyze the pros and cons of putting a price ceiling on prescription medicine. Make sure to use concepts from both chapters seen this unit such as government intervention, inefficiencies, price elasticity, etc. in your answer. In the first..

  Explain how would you extend above narrative to business

Explain how would you extend the above narrative to businesses, society as a whole or nations.

  The effective tariff rate on the commodity

The principal benefit of tariff protection goes to: A ad valorem tariff provides domestic producers a declining degree of protection against import-competing goods during periods of changing prices. When the production of a commodity does not utilize..

  Effects of the increased government spending are immediate

Suppose the GDP is $40 billion below its potential level. It is expected that next-period GDP will be $20 billion below potential and that two periods from now it will be back at its potential level. You are told that the multiplier for government sp..

  Elucidate how many units bonus will be paid

The distribution of the weekly production is approximately normally distributed with a standard deviation of 60 units. If the bonus is paid on the upper 5 percent of production, the bonus will be paid on how many units or more.

  The equation for budget line

Use the following graph showing two budget lines, LR and LZ to answer the following questions. The consumer’s income is $720.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd