Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Consider the budget set of an individual who consumes health care (HC) and all other goods (OG) . Set up the equation ?rst. Then draw the budget set, clearly mark the intercept with the axes, and also draw an optimal point into this budget set using an indi?erence curve. Now assume that the same individual purchases a health insurance contract with a 30% coinsurance rate at a premium p. Set up the equation of the individuals new budget constraint. Draw this constraint into the old graph, then re-optimize using the indi?erence curve (this is only a graphical analysis). Determine what happens in the new equilibrium. Does the individual buy more or less of OG. Does the individual buy more or less of HC. Explain why.
2. Repeat exercise one and assume the income is $50, 000. The price of a unit of health care is $225 and the price of a unit of OG is $340. The insurance premium is $5, 000 and the coinsurance rate is still 30%. Draw all graphs again and be precise with the budget constraints. You know that in equilibrium the individual buys 120 units of HC. Find the optimal point and draw the indi?erence curve. Then draw the new budget constraint with the insurance and re-optimize. The re-optimization is just graphical, you do not have to calculate anything for that.
What price would Soft Rock have to charge to sell 2,000 T shirts? Compute the own price elasticity of demand when the price goes from $5 to $4.
develop a preliminary swot strengths weaknesses opportunities and threats analysis for qmc. because this is a new
what do you think is the best solution to the obesity epidemic? what roles can the food and restaurant industries, trial attorneys, government policymakers and regulators, and individual consumers play in a solution, if any
What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important?
maren has the utilityfunction uc1c2c1ac21-a where 01 maren has income m1 and m2 in respectively periode 1 and periode
A company purchases a piece of manufacturing equipment for rental purposes.
What is the price elasticity of supply of land in Manhattan? What is the price elasticity of supply for land dedicated to a specific use, such as apartment buildings or office buildings? How do your answers affect the nature of economic rent earned b..
choose and research an industry where there has been a pattern of change in a particular market model monopoly
If this firm was under perfect competition, what would be the efficient level of output in the long run?
Suppose there is a temporary increase in Yw, world income, which increase the demand for domestic goods on the world market. On the graph of Output, Money and Foreign exchange markets show the short-run effect of Yw increase.
Do you think the overall level of R&D would increase or reduce over the next 20 to 30 years if lengths of new patents were extended from 20 years to, say "forever"?
Guthrie Enterprises needs someone to supply it with 230,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you've decided to bid on the contract.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd