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!
Tom is currently without health insurance coverage. He derives utility (U) from his income (Y) according to the following function: U=2(Y1/4)
Toms income is $85,000 per year. He realizes that there is about a 3 percent probability that he may suffer a heart attack. The cost of treatment will be about $13,000 if a heart attack occurs.
a) Supppose Tom must pay a premium of $3,000 per year for health insurance coverage. Would he buy health insurance? why or why not?
b) Suppose that the government passes a law that allows all individuals to have their entire insurance premium be exempted for taxes. Tom is in the 20 percent tax bracket. Would he buy the health insurance at a premium cost of $3,000? Why or why not?
q.start at the original correct equilibrium cost and quantity in part a. assume which the government wishes to decrease
q1. what effective value is facing japan airlines for the purchase of a boeing 747 if boeings aircraft values in
Two Cournot competitiors, Nick Limited(firm 1) and Junior LLC(firm 2), face an inverse demand curve p = 400 - 2q in the market (q = q1 + q2). Both producers have a marginal cost of $10 per unit. What is the reaction function for Nick Limited? How man..
Since its founding in 331 B.C.E., the city of Alexandria has been a center of trade for the Mediterranean countries, as well as the Middle Eastern countries. Part of this is due to geography, but it is also due to the network effect. What is the sour..
The demand for car seats is: Q= 100-P. The supply of car seat is; Q=4P. Find the market equilibrium price and quantity. Graph the market supply and demand curves. Calculate consumer surplus and producer surplus.
There are five flights daily from Pittsburgh via US Airways into the Bradford, Pennsylvania, and Regional Airport. Suppose the probability that any flight arrives late is 0.20, the probability that none of the flights are late today is [a].
Illustrate what are short- and long-term economic profits and costs associated with our current high federal government budget deficits.
Suppose that the investment demand curve in a certain economy is such that investment declines by $130 billion for every 1 percentage point increase in the real interest rate. Also, suppose that the investment demand curve shifts rightward by $170 bi..
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Suppose the market for good X has a four-firm concentration ratio of 0.50. Furthermore, assume that total sales in the industry are $1.2 million. Based on this information, we know that sales for the largest four firms in the industry equal (in aggre..
q.suppose a firm has the total cost functioncq1002q12q2afind the firms marginal cost functionb find the firms average
Why does the Great Salt Lake, which is wholly within the state of Utah, suffer lower levels of pollution than Lake Erie, which is bordered by several states and Canada?
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