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Botox and Migraines
Botulinum toxin, marketed under the brand name "Botox" is a drug that paralyzes muscles into which it is injected. It is one of the few promising treatments for migraine headaches, which affect about 10% of the population. Migraine headaches are debilitating, but there is no objective way to diagnose them. Thus migraine headaches are relatively easy to fake. Botox is also very popular as a cosmetic treatment to get rid of wrinkles.
If you are a small business, should you offer insurance coverage for Botox treatments for migraine headaches? (HINT: moral hazard.)
Problems in the banking system eroded international confidence in Southeast Asian economies including those of Thailand, South Korea, and especially Indonesia which eventually leaded to the Southeast Asian crisis in 1997-98.
Over the long run historically, real wages produce about same pace as labor productivity.
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you estimate that the price elasticity of demand for clinic visit is -0.25. you anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per y..
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Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1.00 per poster. She has fixed costs of $100.00. Her variable costs are $1,500 for the first thousand posters, $1,200 fo..
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
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