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Q. Why is depreciation of capital good a cost of society? In illustrate what ways does a person's health depreciate? Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower? List at least three factors that might increase an individual's marginal efficiency of investment in health capital. Deductible feature of an insurance policy can affect impact of moral hazard. Explain this in context either of probability of treatment and/or amount of treatment demanded. Describe benefits to society from purchasing insurance. Describe costs. Define and discuss welfare gains from changes in insurance coverage.
If only risk-averse people will buy health insurance, why do many people who buy health insurance also buy lottery tickets (an activity more consistent with risk taking)? Speculate on differences and similarities.
Why are firm-specific demand price elasticities higher than elasticities for demand in general? Why does a high elasticity indicate a very competitive market?
It has been discovered that countries with higher per capita incomes spend more than proportionally as much on health care. Illustrate what does this imply about cross-national income elasticities? Why might this occur, even though individual income elasticities seem to be quite low?
In economic terms, when the wage rate increases we sometimes see the number of hours worked by individuals decrease now.
What do you think Indonesia's best interests were served by limiting Cemex's FDI in the country.
For out Back Steakhouse, seating capacity is limited in the short run.
If Starbucks demand and supplies for premium coffee (one-pound bag) are in equilibrium and demand rises substantially. Illustrate what will happen if this market moves to new equilibrium.
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
Assume that at the current price, the price elasticity of demand for a campus film series is 1.40. If the objective of the film society is to maximize its total revenue.
State Explain how IKEAs expansion has reenergized mature markets around the world also changed the competitive situation.
Based on this example, discuss and defend whether or not big countries such as the United States should be worried about what is happening in small countries such as Greece. Elucidate general conclusions from this case that might be applied elsewh..
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
Suppose you were having lunch with your best friend who just enrolled in an economics class. He was complaining about Explain how irrelevant class was, commenting that he saw no useful purpose for economics.
Elucidate how that the regression R^2 in the regression. The assumption that more is better satisfied for both goods.
Compute how many acres, hectares each person wold occupy if all U.S. residents.
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