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Discuss the opposing arguments as to whether consumer sovereignty should prevail in medical care.
To maintain utility constant an income adjustment brought the student to consume the basket (61,92). What are substitution effects and the income ?
What incentives does a capitates physician have to keep his patients happy? What incentive does an FFS physician have?
For each of the following transactions, identify whether or not it would be included in GDP: What is Metrica's GNP? Is it higher or lower than its GDP?
Changes in price do not always impact demand to the same degree, and in some cases change in price impact demand very little. Such goods are said to have relatively inelastic demand.
Why does rent control result in a shortage of rental units.
Constrained optimisation model
What does the market for sugary sodas look like? Provide a supply-demand graph with realistic prices.
Select an organization you work for or are familiar with. Could the organization you have chosen lower prices to increase revenue?
Determine Acme's total profit function. Assuming that Acme is effectively able to charge different prices in the two markets, what are the profit-maximizing price and output levels for the product in the two markets? What is Acme's total profit und..
Price elasticity of demand and Income elasticity of demand What impacts will have the construction of a new natural gas company on oil demand. And on electricity demand? Justify.
What are the various methods of inventory valuation? Explain the effect of inventory valuation methods on profit during inflation. What are the provisions of Accounting Standard 2 (AS-2) with regards to inventory valuation?
For each of following changes, show/explain the effect on DEMAND CURVE and state what will take place to market equilibrium price and quantity (in the short run).
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