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The Diagnosis-related Groups System is a prospective payment system used by Medicare to reimburse physicians for medical care. Is this statement false? if so why?
If policymakers increase aggregate demand, the price level
In the economy of Greatland in 2011, consumption was 60% of GDP, government purchases were $100, imports were $70 and 80% of the value of exports, investment was 50% of the value of consumption. What was Greatland's GDP in 2011?
Imagine a market where there is perfect competition between two or more companies, such as a fish market where vendors offer the same products at the same price or online ticket auctions like StubHub. In this market there are four key elements to per..
Consider a pollution problem involving a paper mill located on a river and a commercial salmon fishery operating on the same river. The fishery can operate at one of two locations: upstream (above the mill) or downstream (in the polluted part of the ..
There are 24 hours in a day. Assume Elaine has to sleep, wash, eat etc. for 10 hours of each dayleaving 14 hours for either work or play. That is, only consider her 14 free hours. Elaine earns $5 an hour. If she works 8 hours what is her daily income..
Explain the difference between a positive and negative externality. In your analysis, make sure to provide an example of each type of externality. Why does the government need to get involved with externalities to bring about market efficiency? What ..
It is Saturday night, and Hanna is looking to maximize her utility by deciding how many Pop Tarts and Hot Pockets to purchase. She has $12 to spend. Hot Pockets cost $2 each, and Pop Tarts cost $1 each. Draw the budget constraint (with Hot Pockets on..
Explain how a monopolist chooses its profit-maximizing price and quantity. The paper should then discuss how the monopolist’s profit-maximizing decision affects price, quantity traded, consumer surplus and producer surplus, compared to a competitive ..
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
Illustrates what have presidents justified under principles of "immediate needs of nation" and a mandate from people.
Assume an economy with no government or foreign trade and the following equations, Based on this data C=150 + .9DI, I=250, Show what would happen in the first five rounds following an increase in investment spending from 400 to 800.0. What would be t..
Land is a resource that has largely been misused and taken for granted. Land is continually improperly utilized. Obviously, the supply of land is fixed. Because of this fact, economists refer to land as producing economic rent. Why is the proper use ..
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