Explain lifetime medical costs of treating aids

Assignment Help Microeconomics
Reference no: EM13175690

The most recent studies of lifetime medical costs of treating AIDS?

a)have shown a significant increase in the estimates due to earlier diagnosis

b)have shown a significant increase due to the use of new drugs including protease inhibitors

c)have been revised downward due to shorter and less frequent hospital stays

d)conclude that costs will likely fall in the future die to breakthrough research in prevention

e)all the above

Reference no: EM13175690

Questions Cloud

Define demand is inelastic : Suppose the equilibrium price in the market is $24 and the price elasticity of demand for the linear demand function at the market equilibrium is 1.5. Then we know that: A. demand is inelastic. B. marginal revenue is $8.
Explain inverse demand and supply functions : Consider a market characterized by the following inverse demand and supply functions: PX = 50 - 4QX and PX = 10 + 2QX. Compute the surplus producers receive when a $30 per unit price floor is imposed on the market.
Explain market demand and market supply : In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. A price ceiling of $32 will result in a. a shortage of 80 units b. a shortage of 44 units
How to raise the equilibrium price : An excise tax of $1.00 per gallon of gasoline placed on the suppliers of gasoline in a market with downward sloping demand and upward sloping supply would raise the equilibrium price. a exactly $1.00 per gallon.
Explain lifetime medical costs of treating aids : he most recent studies of lifetime medical costs of treating AIDS? a)have shown a significant increase in the estimates due to earlier diagnosis b)have shown a significant increase due to the use of new drugs including protease inhibitors
What is the increase in the excise tax on alcohol : An increase in the excise tax on alcohol? a)will have no effect on alcohol consumption b)will generate minimal tax revenues for the federal government c)couped with a uniform drinking age nationwide would save lives
Explain rent-seeking behavior : Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
Explain factor leading to rising health care costs in the us : What is the most important factor leading to rising health care costs in the United States since 1980? a)The increased use of expensive medical technology b)Teh aging U.S. Population
Explain what ph range would result in only mg : A solution contains 0.10 M Ca2+ and 0.10 M Mg2+. What pH range would result in only Mg(OH)2 precipitating? Ksp for Ca(OH)2 is 6.5 ´ 10-6 and for Mg(OH)2 is 7.1 ´ 10-12.

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the most you would pay to call her

What is the most you would pay to call her and ask for the result? Be sure to show the decision tree that fuels your reasoning.

  Who is considering expanding sales into europe

the manager of global opportunities for a U.S. manufacturer, who is considering expanding sales into Europe. Your market research has identified three potential market opportunities: England, France, and Germany.

  Estimate equilibrium price and quantity

The box industry was perfectly competitive. The lowest point on long run average cost curve of each of identical box producers was dollar four, and this minimum point occurred at an output of 1,000 boxes every month.

  Discuss how inflation affects the rate of return

Discuss how inflation affects the rate of return required on the investment project, and the distinction between a real and a nominal (or‘money terms') approach to the evaluation of the investment project under inflation.

  The price elasticity of demand

Suppose the demand for a product is given by P = 40 4Q. Also, the supply is given by P = 10 + Q. What is the price elasticity of demand at the equilibrium price?

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  How would they allocate workers to the two sectors

Suppose the two countries are not trading and that both desire to have equal numbers of feet of timber and baskets of fruit. How would they allocate workers to the two sectors?

  Calculate the arc cross-elasticity

Suppose the price of product B increases to 3. What happens to quantity demanded of both products?b. Calculate the arc cross-elasticity between product A and product B using prices for product B of 2 and 3. c. Are these goods substitutes or complemen..

  Analysis of quantitative demand

You're a manager at the Chevrolet division of General Motors. If your marketing department estimates that the semiannual demand for the Chevy Tahoe is Q = 100,000 - 1.25P

  Managerial economics-demand-supply and equilibrium

Assume that the demand and supply functions for good X are as follows: What is the equilibrium price and equilibrium quantity?

  Draw the labour supply curve for taxi drivers

Draw the labour supply curve for taxi drivers in New York City based on this estimate. Note: Since you have no data on wage rates and hours of work supplied, you are expected only to provide a rough approximation of the supply curve.

  Is the market for coffee perfectly competitive

Is the market for coffee perfectly competitive and does the coffee market meet all six conditions of a perfectly competitive market?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd