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The state of California recently considered passing a tax on doctors for their services in that state in order to raise revenue to pay for universal health coverage for California residents. Suppose the average open heart surgery costs $100,000, and at that price 23,339 surgeries are performed each year.
For the purpose of this analysis, assume that people could get the surgery elsewhere.
Which curve on the supply and demand graph would shift? What happens to producer and consumer surpluses? What happens to deadweight loss? Fully explain what the most likely outcome would be in this market if a tax on surgeries is implemented. Use a graph if it will help.
Suppose production function for noodle soup at Slurping Turtle is Q =4k^1/2 L^1/2. They currently own 4 units of capital and are not able to change this during the short run. The rental rate of capital is $10 and the wage rate is $20. Suppose Slurpin..
What theory or theories would Ima use?
Consumer Choice Problem
Moving from an economically inefficient to efficient allocation of resources will necessarily increase benefits by more than costs.
A construction company is considering changing its depreciation from the MACRS method to the historical SL method for a general purpose hauling truck. The cost basis of the truck is $90,000, and the expected salvage value for depreciation purposes is..
suppose a firm is currently using 500 laborers and 325 units of capital to produce its product. the wage rate is 25 and
med-tech labs is a facility that provides medical test and evaluations for patients ranging from analyzing blood
Potato chip industry in Northwest was competitively structured and in long run competitive equilibrium; companies were receiving a normal rate of return and were competing in a monopolistically competitive market structure.
"Retail inflation has been in double-digit for nearly a decade, therefore, it is reasonable to argue that the monetary policy in India should continue to have a tight bias-at least for some more time till the cyclical effects even out."
Speedy delivery is the package carrier which serves the Midwest It specializes in the delivery of auto parts to independent auto repair shops. It competes against very large firms like FedEx, UPS, and US Postal.
find a newspaper or magazine article that highlights when the political process works poorly not too hard. write a
Why might the official measured rate of unemployment not accurately reflect “real unemployment? What has contributed to the public debt in recent times? What are the burdens associated with a large and growing public debt?What constraint do policy ma..
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