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In the beginning health insurance was provided by some businesses as an employee benefit and it was not controlled by the government. In many other Western countries health care is not provided by employers but rather by the government and it is paid for through universal taxes.
When one of us visits our doctor, or has a medical procedure done - with supply and demand what do we base our purchase on- the actual cost or what is our co-pay? The price and demand to the recipient of health care is what comes out of their pocket at the time of purchase. The health insurance company provider is what is called a "third party payer".
Discuss what if there was not a third party payer. A patient was billed for the full medical service then sent the bill to the insurance company for reimbursement .
How would this system effect supply/demand and price?
Please write in own words. don't be very detailed.
Illustrate what is the gain in consumer's surplus for ABC fan that can get these sweaters at Target instead of at the ABC.
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q1. the owners of a successful restaurant want a loan for 50000 to renovate the kitchen and expand the dining room.
Suppose that most Baltimore Orioles fans prefer Sunday afternoon baseball games (regardless of opponent) to all other games. Describe two pricing strategies that the Orioles could use to increase profits based on this difference in demand.
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Suppose that the market demand for organs is Q = 800-3P, where Q = QF + QD and Q is the total quantity, QF is the quantity supplied by fringe firms and QD is the quantity supply by the dominant firms. Find the profits of the dominant firm. Find the p..
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Ron Hall is a customer service representative responsible for selling time-shares to a new family resort on the Orlando Florida Universal Studios property. Assume that Ron’s buyer is a married father of two children, an executive at Proctor and Gambl..
One U.S. dollar is trading on the foreign exchange market for about 1.47 Chesterfield ales (the Chesterfield currency). Therefore, one Chesterfield ale would have purchased how many U.S. dollars?
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