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1. Why might banning advertising drive up prices?
2. Why have economic analyses of clinical and administrative innovations become more important?
3. What does it mean to have market power? Are firms with market power extremely profitable?
4. Treating a patient with congestive heart failure with tPlex rather than is other increases average life expectancy to 12.3 years from 11.5 years. The added cost of therapy is $14,000. What is the cost per life year?
5. A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. Does this analysis adopt a societal view of costs? Why may this analysis result in a bad managerial decision?
What do you understand by the term ‘Keynesianism’? From a policy perspective, outline key Keynesian policies comparing and contrasting these against a neo-liberal policy platform.
An economy is initially in long-run equilibrium. The introduction of an electronic payments system dramatically reduces the demand for money in the economy. a. What is the short-run impact on prices and output of the new system
Compare and contrast the main features of pure competition and pure monopoly giving advantages of each market structure
How much labour should be allocated to plant Alpha and to plant Beta? And, at the best allocation, what is the output produced?
Which of the following is true regarding a bank's capital-asset ratio? The ratio gives an overall picture of the quality of business loans the bank is making.
Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government. Explain your rationale.
describe a scenario for the production and consumption of a product that involves all three sectors of an economy.
consider a firm with the following production schedule and a fixed cost in the short run of 19. this fixed cost comes
Based on the data provided, what is the opportunity cost of producing pastries and sandwiches in Northland? What is the opportunity cost of producing pastries and sandwiches in West Coast?
You need to analyze for a hypothetical example whether John Deere should use Technology 1 (Own Production), Technology 2 (Versatile), or whether it should stop producing four-wheel-drive tractors based on the quantity the company predicts it woul..
economies of scale or increasing returns to scale dis-economies of scale or decreasing returns to scale and constant
define the following termsa. gross domestic product gdpb. realnbspgdpc. national incomed. gdp deflatordescribe how the
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