Putting price ceiling on medical service

Assignment Help Business Economics
Reference no: EM131427002

Instead of putting price ceiling on medical service, some states (e.g. Texas) put cap on malpractice lawsuit compensation. In your opinion, does medical litigation promote the practice of defensive medicine? Will a ceiling on malpractice compensation help to reduce the medical costs?

Reference no: EM131427002

Questions Cloud

What is the profit-maximizing price : A. What is the profit-maximizing price? B. What is the Quantity produced in each Country? C. What are Xina's total profits if the firm is effectively able to produce in both Countries?
Owner of manufacturing facility-staffed entirely by mexicans : The owner of a manufacturing facility, staffed entirely by Mexicans, refuses employment to a white American manager because the owner is concerned that the Mexicans will only consent to supervision by another Mexican.
Who first stated that the rights of man included the right : The document that first established that there should be a court system to protect the rights of all people, and codified that all men should have the right to due process and property rights was called.Who first stated that the rights of man inclu..
Worklife that may warrant the development of expert system : To design an expert system, we must first identify a problem to be solved that is some what qualitative (fuzzy, not purely quantitative). The problem must be important and difficult enough to warrant development of an ES, and there must be an existin..
Putting price ceiling on medical service : Instead of putting price ceiling on medical service, some states (e.g. Texas) put cap on malpractice lawsuit compensation. In your opinion, does medical litigation promote the practice of defensive medicine?
How managers and employees interact and relate to each other : How managers and employees interact and relate to each other? Which of the following statements about a strong-culture company is false?
Three areas in our society that pit individual freedoms : Identify at least three areas in our society that pit individual freedoms and choices against protecting the public good, other than vaccinations. Describe government's actions to protect public policy.
Design assumptions that control electronic circuit systems : The central bank has a vault controlled system for nine (9) vaults in its care. An ant-theft system is put in place to protect the vaults. Show the design assumptions that control all nine (9) VAULT electronic circuit systems as one integrated circu..
What role does corporate reputation play within organization : Coca-Cola is the most-recognized trademark and brand name in the world today. The company has always demonstrated a strong market orientation, making strategic decisions and taking actions to attract, satisfy, and retain customers. What role does cor..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the typical firm short-run supply curve

Suppose there are 2000 identical firms producing pumpkins in a perfectly competitive market and that the total cost curve for each firm is given by TC= (1/2q^2+5q+20.5) and MC = q+5. What is the typical firm's short-run supply curve? Derive and graph..

  What three factors lead to long-term economic growth

In the classical theory what factor determines aggregate demand, which in turn determines the price level? According to classical theory what three factors lead to long-term economic growth?

  Market segments that clearly fail to meet each of criteria

To be of value, a market segment must meet five criteria. Outline a talk focusing on examples of market segments that clearly fail to meet each of these criteria?

  Perfect competition results in firms producing

In the long run, perfect competition results in firms producing a. at the minimum point of their long-run average cost curves, which indicates allocative efficiency b. where price equals marginal cost, which indicates economic efficiency c. where pri..

  Expectation is the new chum will increase net income

Granny Butter and lugs Inc, pay an effective tax rate of 40% Granny is considering the purchase of a new churn for $28,000. this churn is a special handling device for food manufacture and has a savage value of $7,000 at the end of its estimated 4-ye..

  What is monopoly mark-up-rent and lerner index

if government regulates the maximum price monopoly can charge at $23: What is the monopoly’s regulated demand curve? monopoly’s regulated MR curve? Regraph the chart here and mark these curves in different colors. What is monopoly’s regultated output..

  Q1 at a university faculty meeting in 2000 a proposal was

q1. at a university faculty meeting in 2000 a proposal was made to increase the housing benefits for new faculty to

  Taxable income-nation has a tax rate

A nation has a tax rate of 20% on the first $20,000 of taxable income, 30% on the next $30,000, 40% on the next $20,000 and then 50% on all taxable income above $70,000.

  Describes the income elasticity of demand

The demand for good x1 is given by: (m/p1) - (p1/p2), where p1=1, p2=1, and m=10.Which of the following accurately describes the INCOME elasticity of demand?

  Illustrates the consumers budget constraint

Suppose that doctors’ visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors’ visits and a “composite good” that costs $1 per unit. Draw a graph that illustrates the consumer’s budget constrai..

  E-activity was solved using estimation-hypothesis testing

Discuss which economic theories or relationships you have studied up until now (not just in this class – in all your economics classes) that could be estimated using the multiple linear regression model. Explain your rationale.  Provide examples to s..

  Households will be charged for solid waste disposal

Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram ( IT is Microeconomic question)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd