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Describe, define and explain in detail how both Medicare and Medicaid each pay for of the following services: a) hospital in-patient services, b) physician professional services. c) out-patient medical services and tests (lab, x-ray, etc.).
An alternative has a discounted project cost of $4,185,000 with no salvage value. The estimate was in constant dollars and the discounting used mid-year factors. While the period of analysis is 5 years, the alternative only provides benefits for the ..
Suppose that Italy and Germany both produce fish and wine. Italy's opportunity cost of producing a bottle of wine is 4 pounds of fish while Germany's opportunity cost of producing a bottle of wine is 9 pounds of fish. By comparing the opportunity cos..
Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why dont the rms raise prices to the level that maximizes joint prots? What is the DWL in this model?
Discuss what you believe to be the three most difficult problems contributing to the gap between rich and poor countries. Be sure to provide solutions which you believe may resolve the problems you identify.
Some economists believe that creeping inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation. Other economists argue that in order to achieve economic growth, some moderate price increases are nece..
Examine the impact on a small country following an outward flow of immigrants that decreases its labor force. Assume that land is specific to agriculture and capital is specific to manufacturing, while labor is free to move between the two sectors. T..
Economic game theory problem: please help me. (Cournot Competition with Differentiated Products) Two firms, A and B, are in Cournot (quantity) competition making differentiated products. Each firm has zero fixed cost and a marginal cost of $10.
Suppose my tastes could be modeled with the utility function u(x1, x2) = 20x1^0.5 + x2, where x1 refers to mozartkugeln and x2 refers to other consumption. consider the bundles A,B, and C as defined in part A: (bundle A: 100 mozartkugeln and $500 in ..
Discuss the idea of DRG-based prospective payment mechanism for hospitals. Discuss the potential effects of DRG payment on quantity of services produced by the hospitals, composition of different types of services offered, incentives for adoption of ..
According to the article "What Does GDP Really Tell Us About Economic Growth," located in Topic Materials, Khan discusses the pitfalls of GDP. Describe how these pitfalls have affected the overall economic status of a country.
If company wants to earn a mark-up of 50 percent on its variable costs, explain how many sets will it have to sell at price obtained in part b.
Why did most communities in the early days of e-commerce fail? What factors enable some online social networks to prosper today?
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