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What is the Medicaid Notch?
Do you think that the Medicaid Notch is a realistic concept?
Let's say that you are poor with limited income and cannot afford medical insurance. You have a Medicaid benefit (up to $4,000) that will come to you provided that you earn less than $12,000 per year. You are earning $11,000 a year right new, but due to your rising skills, you are offered a job that pays $12,500. You think that the new job will lead to something even better in the future, but you can't be certain about this because you cannot really predict the future. What would YOU do?
Consider a manufacturing firm operating a given scale of plantcontaining some assembly equipment. Assume that the only input that the firm can change the amount of that can be used during the time period considered is labor (L). Over that range of la..
Describe your educational goals and share personal information as directed by your instructor and to the extent that you are comfortable.
Describe and explain economic conditions of Tech Bubble/Bust for the 1990's. Describe GDP growth, unemployment, inflation/recession.
Why do countries trade with each other? What would happen if countries curtailed or stopped trading? Read an article about the current fight over the TPP free trade pact that is before Congress.
Steve Jack and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Jack of $50,000. Interest of 9% on each partner's capital balance on January 1. Any remaining net income divided equally. Bernard and Jack had ..
An electric power plant uses solid waste as its fuel for generating electricity. The total cost in dollars per hour of producing electricity is TC = 12+0.3D+0.27D2. The utility can sell electricity at a price per hour determined by p=15-0.2D. F5. Wha..
We know that in Blank’s article, there are various ways in which welfare will alter the actions taken by individuals. Consider the following welfare proposals, and how the actions taken by individuals would change. Family caps; each additional child,..
In the preceding problem, suppose the Federal Reserve announces a policy of printing $100 in new bills every day and giving them to Janet Yellen’s mom. At the moment the Fed announces this policy, what happens to the demand for money? At the moment t..
How economics information has impacted your personal life and work life. How do you plan to use this information when you move ahead in your job.
Suppose recent and widely circulated medical article reports new benefits of cycling exercise. Simultaneously, the price of the parts needed to make bikes falls. If the change in supply is greater than the change in demand, the price will _____ and t..
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
The demand for a product is Qd=100-4P-3Px and supply is Qs=10+2P, where Q is the quantity of the product, in thousands of units, P is the price of the product, and Px is the price of another good. When Px = $20, what is the equilibrium price and quan..
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