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some economics have argue that if the government wishes to subsidize health care it should instead provide predetermineed sums of payment based on the type of health care problems experienced directly to patients who then would be free to choose their health care providers. wherther or not you agree, can you give an economic rationale for this approach to governmental health care funding?
What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? Explain law of demand with the help of a demand schedule and demand curve.
Calculate the long-run equilibrium values of r and P, assuming that the potentiallevel of output (Y*) is equal to 3500 monetary units.
The impact of changing from a federal income tax to a federal consumption tax would be:
Find (algebraically) the points where the MC function intercepts the AVC and the ATC functions. (Hint: at one interception point MC = AVC and at the other MC = ATC)
You have the alternative of leasing an asset for $100,000 a year, with payments to be made at the end of each year of use. This lease cannot be cancelled.
Illustrate is the point cross elasticity among steel and aluminum. Are steel and aluminum substitutes or complements
Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying.
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
Suppose the price of food increases from Px1to Px2. On a clearly labelled graph, illustrate the income and substitution effects of the price change on the consumption of food.
gap among the most highly skilled in the population and the least skilled will begin to fall in the near future.
Sales for year just ended were $500, and fixed assets were used at 80% of capacity. Current assets and accounts payable vary directly with sales.
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