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Q1. Suppose a health expenditure function is specified in the following manner: E = 500 + 0.2Y, (where E represents annual health care expenditures per capita and Y stands for income per capita.)a) Using the slope of the health expenditure function, predict the change in per capita health care expenditures that would result from a $1,000 increase in per capita income.
Q2. Over the next 3 years inflation is expected to be: Year one 2.5%, year two 4.5%, year three 5.0%. What should investors require for an inflation premium on a Treasury bond with a three-year maturity?
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
What is the smallest per product unit subsidy that must be paid to the monopolist in order to induce it to produce 7 units of its product?
Since the cash flows compose a gradient series followed by a uniform series, solve the problem using those factors. Determine the FW of the cash flows.
Elucidate what impact will this change have on the price level, output, and employment in the short run in the United States.
The sales director for an industrial supplies firm has collected information describing the performance also personal characteristics of 80 members of her sales force.
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
The length of a Colorado brook trout is normally distributed. Illustrate what is the probability that a brook trout's length exceeds the mean.
Find the equilibrium price also quantity, then find elasticity of demand. Which should the federal government consider when evaluating the rising cost of college.
Illustrate what is profit-maximizing level of price and quantity for this monopolist. Illustrate what will profits be at this price and output level.
Long-Term Investment Decisions Due Week 9 and worth 300 points Assume that the low-calorie microwavable food company from Assignments 1 and 2 wants to expand and has to make some long-term capital budgeting decisions.
Given the expected price level, policies for reaching potential GDP will work best if the funds provide.
Assume you are the plant manager for Crossroads Sign Company, which produces road signs in a market that approximates perfect competition. Due to a slow economy, business has been slow and the company is losing money every month.
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