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Suppose you decide each month how much of your disposable income to spend on health insurance and on other goods. Suppose that both “health insurance” and “other goods” are normal goods. Each unit of health insurance costs $10, and your monthly income is $3000.
The government gives everyone a voucher good for $500 of health insurance per month. [You can buy additional health insurance on top of that at the $10 price.]
A government critic slams the new policy, saying, “Instead of a voucher, they should just give out $500 cash.” Give one reason why you agree, and one reason why you disagree. (State each reason in 3 lines or fewer)
Helen can earn 3% interest in her savings account. Her daughter Roberta is 11 years old today. Helen deposits $4000 today, and one year from now she deposits $1000. Each year she increases her deposit by $500 until she makes her last deposit on Rober..
What is meant by the term economic integration? What are the various stages that economic integration can take? Under the European Union's common agricultural policy, a variable import levy equals the:
Suppose Audrey and Nicky are cousins with a destructive streak. Audrey is 1 year old and has a 10% chance of creating substantial damage in the next year, in which case the expected cost is $2000. Nicky is 2 years old and has a 5% chance of creating ..
Recently, the Obama administration proposed a $1.00 per unit (pack) excise tax on cigarettes (which would be imposed legally or statutorily on cigarettes sellers). Using (separate) competitive supply and demand diagrams of the cigarettes market caref..
q.sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the
Jessica will live for two periods. She is only able to work in the first period, when she earns $100. The interest rate between the first and second period is r, meaning that if she saves X in the first period she can consume X(1+r) in the second. As..
Illustrate what are some criteria which Rollerblade should use to select countries to enter also. Illustrate what three or four countries meet these criteria best also are the most likely consolidates.
In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient (B) is equal to zero (H0: B = 0) versus whether that coefficient is not equal to zero (H1: B ? 0).
Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.
Which of the following is an example of sexist language?
Two physical therapy firms want to merge. The price elasticity of demand for physical therapy is -0.40. Firm A has a volume of 10,400, fixed costs of $50,000, marginal costs of $20, and a market share of 8%. What are the total costs, prices, revenues..
Health insurance companies are oligopolies, and one of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Discuss in relation to the policies and practices of health insurance companies.
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