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Describe the qualifications to receive Medicare and/or Medicaid. How can this be modified to serve more people who are considered a vulnerable population?
Consider a monopolist with the following demand curve: P=200-2Q. The monopolist faces MCm=ACm=20. Solve for the profit-maximizing level of monolopy output, price, and profit.
q1. suppose that there are crowding-out effects and the mpc is .9. by how much must the government increase
Suppose Mike and Johnson produce two products- hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts. Draw the p..
Explain why is the law of supply and demand in applicable without a ceteris paribus assumptions.
A series of quarterly cash flows starts with a cash flow of $1,000 on April 1,1982, and * expected through July 1,1994. Each cash flow has been $50 greater than the one preceding T^is tncrease expected to continue. Use an interest rate of 16% with qu..
The Blair Company's three assembly plants are located in California, Georgia, and New Jersey. Previously, the company purchased a major subassembly, which becomes part of the final product, from
Assume that a 10% increase in consumer income, ceteris paribus, caused a 4% decrease in the purchase of bus tickets. Based on this information:
A monopolist faces a demand curve Q = -0.5P + 500, and has a total cost function . TC(yf)=3y^2f+40000. Find the profit maximizing price, quantity and profit. Draw a picture showing the producer and consumer surplus in this market. Calculate the monop..
Elucidate how a recessionary output gap would emerge in an economy where long-run aggregate supply curve is persistently shifting to right.
Assume a firm has production technology given by f(L,K) = L^1/3 K^1/3. Assume pK = 1 = pL and compute the firm’s short-run and long-run cost functions. Assume a firm has production technology given by.
Which of the following statements is true regarding welfare reform in 1996?
Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. Your marginal and average cost for dispensing a prescription is $2. What is the profit-ma..
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