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Review the Health Care Economics Issues HMO Simulation.
Prepare a 700- to 1,050-word paper in which you present a profile of the chosen company, including the demographics of the employees, the health care risk factors or potential areas of high utilization, and the premiums the company is willing to pay.
As a representative of Castor Insurance, your job is to maximize profit and minimize risk for the company. Based on your analysis of potential utilization, provide at least two reasons why each plan could be selected.
Then state which plan you would select to sell to your chosen company. What are the reasons for this decision?
If current output is such that marginal cost exceeds marginal benefit, should more or less resources be allocated to this product?
Compute the probability of failing to stop at an intersection, given the driver was on the cell phone.
The only goods that Angela consumes are wine (X) and chocolate (Y). On Tuesday the price of wine goes up, though at the same time, Angela's income increases by just enough so that she is equally happy (in utility terms) as she was on Monday.
A salesperson can put in regular effort (resulting in a 40% chance of sale) or high effort (60% chance of sale). If high effort costs the salesperson $20 more than regular effort, how large of a per-sale bonus is needed to encourage high effort?
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
A U.S. resident can earn 6 percent interest on a one-year bank deposit of $100,000 at home. Alternatively, she can convert the $100,000 into Euros and earn 4 percent on a one-year bank deposit in Germany. If the exchange rate is initially 1.5 Euros p..
Suppose that you own a car wash and that its total cost function is: C= 20 + 2Q + .3Q^2, where C = total cost (in dollars) per hour and Q is the number of cars washed per hour. You receive 5 dollars for each car washed. What is the optimal number of ..
A company produces an electronic timing switch that is used in consumer and commercial products. The fixed cost (CF) is $73,000 per month, and the variable cost (CV) is $94 per unit.
Presume a person has $80 to spend only on two products: x and y. X cost $4 each, and Y cost $1 each. This person has preferences for X and Y given by What is the utility-maximization bundle of this person?
why does a firm in a competitive industry charge the market price?a. if a firm charges less than the market price it
Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day he quits his job, sells $100,000 worth of bonds that had been earning 5 percent per year, and uses the funds to open a book store. At the end of the y..
a. do you agree or disagree with the statement that a monopolist always charges the highest possible price.? explain.
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