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People buying disability insurance on an individual basis are often required to take physical exams. Physical exams are typically not required when employees acquire disability insurance through a company-sponsored plan (which covers all employees in the firm). Provide an economic rationale for the different policies relating to physical exams.
1.In what ways is a monopolistically competitive firm likely to be less efficient than one under perfect competition?
1.How would you go about deciding whether person A or person B gets more personal benefit from each of the following?
A firm has a demand curve: P = 50 - Q. Its total costs are TC = 110 + Q + 3Q 2. Prepare a table that computes the profit-maximizing quantity. What quantity minimizes average cost?
1.Assume that in a household one parent currently works full time and the other stays at home to look after the family.
General Cereals, (GCI) produces and markets Sweeties!, a popular ready to eat breakfast cereal. In an effort to expand sales in the Secaucus,
A perfectly competitive company has the following fixed and variable costs in short run. The market price for the company's product is $150.
1.For what reasons might the price of foreign holidays rise? In each case, identify whether these are reasons affecting demand, supply, or both.
Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the economy. B. Discretionary fiscal policy refers to the change..
Explain whether the firm will make economic profit, In the short run and In the long run.
Unfortunately, they are back-ordered, and so the company will not be able to obtain additional capacity in the near future. According to economic theory, what is the optimal transfer price for a round trip to Chicago? Explain why.
Some companies base promotions solely on seniority. Discuss the negative and positive aspects of such a policy. How would you expect a large increase in the minimum wage to affect the pay package offered by employers?
1.Do behavioral theories of the firm allow us to make any predictions about firms prices and output?
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