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a. Explain the relationships among the static budget, flexible budget, and actual results.
b. Assume that a group practice has both capitated and fee-for-service (FFS) patients. Furthermore, the number of capitated enrollees has changed over the budget period. In order to calculate the volume variance and break it down into enrollment and utilization components, how many flexible budgets must be constructed?
a.) Determine the profit maximizing level of output. b.) Compute the profit maximizing price. c.) Calculate the upper and lower limits within which marginal cost may vary without affecting the profit maximizing output or the price.
Derive marginal distribution of x and y. Derive conditional distribution of y given x = 0 and x = 1 separately. Prove the "law of iterated expectations" i.e. E[y]=E[E[y¦x]]
What is meant by the elasticity of demand and the elasticity of supply?
However, when the commissioner granted the 10 percent increase, revenues increased by only about 5 percent. What can you infer about the elasticity of demand for taxicab rides. What were taxicab drivers assuming about the elasticity of demand.
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production function exhibit increasing, decreasing or constant returns to scale Expl..
Write a summary of your findings. Guidelines for your interview and sample questions are available on the companion Web site.
The spot price of silver is $9 per ounce. The storage costs are $0.06 per quarter payable in advance. Assuming that interest rates are 10% per annum for all maturities, calculate the forward price of silver for delivery in 9 months
jims utility function is ux y xy. jerrys utility function is ux y 1000xy 2000. tammys utility function is ux y xy1
Notice that the models have different service lives. However, model A will be available in the future with the same cash flows. Model B is available at 1 time only. If you select model B now, you will have to replace it wil model A at the end of y..
What sum should you deposit into an account to yield 20 year end payments, starting with $10,000 at the end of the first year and increasing by 4% each year at an interest rate of 8% compounded quarterly.
What component of demand fluctuates the most?
imagine that the current price of waste disposal is 0.025lb and the average waste disposal is 2.40 lbpd. when the price
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