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In a minimum of 250 words, explain your interpretation of the concept health economics. In addition identify three influences as it relates to health economics. discussion should contain a minimum of 2–3 peer-reviewed references.
Which of the following is the primary disadvantage of producing inputs within a firm?
Speaking of competition, why is it that company’s who are in competition with one another often located right next to each other? Where I live, if you see a McDonalds, within a block there is a Burger King. As you drive down our main street, you hit ..
In a particular industry, labor supply is Es = 10 + w and labor demand is Ed = 40 – 4w, where E is the level of employment and w is the hourly wage. What is the equilibrium wage and the employment level if the labor market is competitive? What is the..
Suppose that demand for a product is Q = 1000 – P and supply is Q = 9P. Furthermore, suppose that the marginal external damage of this product is $20 per unit. Suppose this is a negative production externality. Calculate the Q currently being produce..
When the Fed sells T-bills, Which of the following statements relating Fedwire (the Federal Reserve’s payment system) and CHIPS (the modern equivalent of the New York Clearinghouse Association’s system) is false? The effective federal funds rate is s..
A monopolist has determined that marginal revenue is $2.00 and average cost is $1.75. It has also determined that the lowest sustainable average cost is $1.75. To maximize profit, should the firm lower its price, increase its price, or leave the pric..
The price of producing synthetic rubber shoes shoots up 15%, raising the price of the typical athletic shoe 15%. What should the Fed do? (Some what of a trick question. You need to determine if this is a macro or micro issue.) Should the Fed buy or s..
Suppose the demand for Brand A Ice Cream is characterized by the following point elasticities: own price elasticity = -0.8 cross-price elasticity with Brand B Ice Cream = +2 income elasticity = +3 Based on the given elasticities, What happens to the ..
You purchase a new house for $200,000 with a 5% down payment. You obtain a 30-year loan at 5% compounded monthly and will make monthly payments on the loan. Closing costs are $1,500. PMI is $150 per month for the first 5 years. Taxes are estimated to..
q1. assume the government decides to fight obesity in america by imposing an excise tax on the saturated fat content of
How an economist answers the question, does economic power exist, is one main difference between the heterodox and conventional approaches. Explain both positions by explaining their supposed general theories. (Note, this is asking you to explain, ac..
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages paid to the few workers he employs at the dairy and the grain he feeds to..
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