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1).Why is the depreciation of capital good a cost of society? In what ways does a person's health depreciate? 2).Why might older people's health care expenditures increase in the Grossman model even though their desired health stocks may be lower? 3). List at least three factors that might increase an individual's marginal efficiency of investment in health capital. 4). The deductible feature of an insurance policy can affect the impact of moral hazard. Explain this in the context either of probability of treatment and/or amount of treatment demanded. 5). Describe the benefits to society from purchasing insurance. Describe the costs. Define and discuss the welfare gains from changes in insurance coverage. 6). 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 the differences and similarities.
suppose the equilibrium price in the market is 10 and the price elasticity of demand for the linear demand function at
in the 1960s the san francisco city government physically moved several houses from the hayes valleyfillmore district
Dependency” theorists believe that moving surplus labor from agriculture to industry where that labor will earn profits that can be reinvested for further growth is the key.
in the market of haircuts the demand function is p100-0.5qd and the supply function is p10qs where q represents
if rd 240 - 30 iff given the information above what is the market clearing federal funds rate? assume that this is
you are reviewing your monthly budget and determine you have 60.00 to spend on either books or movies each month.
What must an entrepreneur do in order to introduce a new innovative product? What determines whether the new product will be a success or failure?
write an assessment of local economic development programs within your community. be sure to address key issues
1. ajax inc. is a monopolist. the estimated demand function for its product isqd 120 u2013 0.8p 12y 4awhere qd
Unities of Guns 0,12,26,36,44. Unities of Washers 4,3,2,1,0. What is the marginal opportunity cost of producing the second unit of washers? What is the total opportunity cost of producing the second unit of washers?
Southcoast Oil's fixed costs are $2,500,000 and its debt repayment requirements are $1,000,000. Selling price per barrel of oil is $18 and variable costs per barrel are $10.
Why does a business need to understand elasticity of demand and calculate the elasticity of demand between prices $6 to $8
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