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In the medical care sector, the decisions of what services should be produced, how they should be produced, how they should be distributed, and how to allow for growth and innovation must be made.
a) What combination of non-medical and medical goods and services should be produced in the macro-economy?
b) What particular medical goods and services should be produced in the health economy?
c) What specific health care resources should be used to produce the final medical goods and services?
d) Who should receive the medical goods and services?
For the above questions, how are these decisions currently being made? What are the various purposes that prices serve?
Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly inflation rate in Zimbabwe is 1%. What is th..
He projects that his costs also revenue will be similar this year if he continues farming. Illustrate what is Bowen's accounting profit from farming an additional year.
State and elucidate principle of diminishing marginal utility in relation to consumer demand. Illustrate what is production function and how is it relevant to a production manager.
List all of the friends and relatives you have who are working for an export industry, or for a foreign-owned firm, or all the foreign-owned firms in your city or town. Under what conditions do people advocate for TRADE RESTRICTIONS?
What factors in technological segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..
suppose the yield to maturity on a 1-year bond is 6 percent. Everyone expects inflation over the year to be 3 percent, but it turns out to be 5 percent. What is the nominal interest rate on the bond, the ex ante real rate, and the ex post real rat..
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill. How would you value the goodwill that is obtained in this way?
A machine is purchased for $56,000 with a useful life of 5 years, after which, it is estimated to be worth $5,000. The machine will be operating 2,500 hours per year with annual maintenance and operating costs of $6,000. Using an interest rate of ..
q1. elucidate how higher saving leads to a higher standard of living. illustrate what might deter a policymaker from
Calculate the percentage rates of increase in real GDP, consumption of durables, consumption of nondurables, and consumption of services, and plot these. What do you notice in these plots compared to the information in Figure 3.9 and 3.10.
Explain in your own terms what is meant by a "Point of diminishing returns." Relate it to cost, effort, and return on investment.
What were the main challenges facing Washington's administration? What was Hamilton's vision of the new republic? What was George Washington’s greatest achievement as president?
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