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If a hospital decides to raise prices because it needs more money, what effect does this have on patients who pay their own bills/ patients with insurance/ hospitals with insurance contracts that reimburse on the basis of costs/ hospitals with previously negotiated per-diem contracts with HMOs?
How do successful businesses sustain competitiveness in a highly fierce business environment? What's the best strategy to maintain business leadership relative to competition?
First National Bank receives a deposit of $5,400. If there is no slippage, explain how much could the money supply expand.
how should she reallocate her expenditures between the two goods
The invention of a self-milking cow machine allows cows to milk themselves. Not only does this reduce the need for higher-cost human assistance in milking, but it also allows the cow to milk herself three times a day instead of two, leading to both a..
The total payment of resource income in the economy is equal to the total value of the output. In the simple circular flow model, if planned I exceeds planned S, then. The level of total output and the price level can be affected by changes in consum..
Give an example of consistent Fiscal Policy and Monetary Policy that you would choose to correct unemployment gap (Recession) that you suspect in the economy?
Illustrate what are the correesponding average tax rates in the regressive and progressive tax systems.
Contracting may not be preferable to vertical integration because of which of the following conditions: Complete contracting eliminates flexibility. Incomplete contracting may result in large transactions costs that dissipate profits. The creation of..
Assume also that the price of cigarettes, the income of consumers, and the price of alcohol.
Find average cost (AC), average variable cost (AVC), marginal cost (MC), marginal revenue (MR). What is the quantity that maximizes profit? What is the revenue and profit at that point?
A monopolist faces a demand curve given by P=105-3Q P is price, Q is quantity demanded. Marginal cost of production is $15.00. No fixed costs. Explaim how much output in order to maximize profit.
Suppose which Sam is now growing wheat on enough land to produce 7,000 bushels of wheat. Illustrate what is the opportunity cost.
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