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There are countless people in need of our services in America today, including the disabled, those with mental health challenges, those living in poverty, the homeless, and victims of violence and domestic abuse, just to name a few. See the list on pages 60-61 of your text. Which group in need concerns you the most? Why? Be sure to address the following in your response: What can human service professionals do to empower this population? What are some of the barriers faced by this particular population? What programs are dealing effectively with this population?
Human Services in Contemporary America By William R. Burger
There are two firms in a market for commercial dry suits. The market demand curve is P = 4,000 – 2.5Q, and each of the two firms has a total cost curve of C = 1,000 q with zero fixed costs. They have decided to collude with each other in order to obt..
As you know, the Affordable Care Act expands coverage for low-income US citizens by giving them access to Medicaid. As you also know, not every state has taken advantage of this Medicaid expansion. What economic argument can you make for expanding Me..
Calculate the price elasticity of gasoline. Calculate the price elasticity of demand for gasoline. Calculate the elasticity of supply using the information provided. Calculate the changes in consumer and producer surplus. Because there is no viable s..
Bob's preferences over consumption is defined by the following utility function: u(c1,c2) = c1^2/3c2^1/3. Note, c1 is Bob's consumption in period 1 and c2 is Bob's consumption in period 2. Calculate Bob's present value and future values of income for..
Analyze the effects of a tax cut in an IS-LM model. How does the tax cut shift the IS curve and the LM curve? How are equilibrium interest rate and level of income different from its original level?
Consider the market for medical doctors. Suppose the opportunity cost of going to medical school increases for many individuals. Suppose it generally takes about ten years to become a practicing Doctor. Holding all else constant, in ten years the equ..
The XYZ company is a producer of dishwashers. The company’s marketing department has estimated the following demand curve for the company’s best-selling model in one of its regions. If the government increases the sales tax by 1 percent, what will be..
Draw graphs showing a perfectly competitive firm and industry in long-run equilibrium. a. How do you know that the industry is in long run equilibrium? b. Suppose that there is an increase in demand for this product. What will happen to the number of..
This will be a real challenge, but it should be an interesting challenge. Much of the way we measure risk relies on probability distribution. For many things in life, and business, this is perfectly valid, but for others it is not. Can you come up wi..
Imagine a firm with the same cost structure but in each of the four market structures: Competitive, Monopolistically Competitive, Oligopoly, and a Monopoly. Using the concepts of consumer surplus and producer surplus, explain the long run outcome in ..
Imagine that a $10,000 ten-year bond was issued at an interest rate of 6%. You are thinking about buying this bond one year before the end of the ten years, but interest rates are now 9%. Calculate what you would actually be willing to pay for this b..
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How does technological progress shift the labour demand curve? Professors, lawyers and doctors receive similar amounts of education, why are pro..
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