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Health economists use demand and supply theory to discuss the "Health Insurance Exchange" created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.
Discuss the following:
How would the law affect the demand for health insurance? Why?
How would the law affect the average price of health insurance? Why?
How would the law affect the supply for health insurance? Why?
Name at least two legislations to prevent monopolization of businesses
Yolanda owns an art factory in Palermo, Italy. She is thinking of expanding her exports of large-size paintings of Italian cityscapes. She has had little difficulty recruiting new artists to Palermo to work a 40-hour week in the factory.
lightweight personal locator beacons are now available to hikers that make it easier for the forest services rescue
mrs. smith operates a business in a competitive market. the current market price is 7.50. at her profit-maximizing
1. domestic market demand for some good is described by p 100 - q. domestic supply is described by p 20 2q.
Almost all of the fossil fuels that we are now currently using were formed during the Carboniferous period. (b) There seems to be a strong correlation between increases in the availability of food energy per person and increases in human populati..
what conditions must exist in order for a pure monopolist to achieve economic profits? is the profitability of a firms
Find the reaction functionB)How much does each firm produceC)compute CS ,PS and the deadweight lossD)if firm 1 and 2 leaders and 3 follower (Stackelberg),What are the quantity choices for all three firms?
the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consumption, investment, productivity, wages and price levels.
In a market economy, the price system facilitates allocation of resources. Discuss how a manager may contribute to the profit maximization goal of a firm by studying managerial economics.
What market structure best characterizes the market in which universities compete? How does this structure influence the university's pricing strategy?
Explain why Monopolistically Competitive firms charge different prices for their products and Oligopolies tend to all charge the same price. Explain why all businesses do not Price Discriminate.
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