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· How does the employer mandate help eliminate the problem of adverse selection? Would a single-payer plan, in which everybody is insured through the government, further reduce the problem of adverse selection?
· What do you think would happen to health care expenditures in the United States under either the ACA or a single-payer plan? Consider the following:
o Market supply and demand
o Economics of scale
o Incentives facing health-care providers
o That preventative medicine would be available to more citizens
o Any moral hazard issues
o Any adverse selection issues
o Any other issues from this course that come to mind
Suppose you are considering adding another sales associate to the floor. Your current total sales are $40,000 per day and your cost of sales, including the sales associates are $66,000 per day. The new sales associate should increase sales
The firm operates in perfectly competitive market and product markets. The going price of capital (r) is $1,000 per machine per week. Moreover, the firm sells its output at the going price (p) of $1 per widget. Consider the firm's short run labor ..
what trade policies are in place to manage our trade with the rest of the world ?
Based on this information, what is the price elasticity of demand for movie tickets at Crown What, if any, other factors could have accounted for some of the decline in attendance leading to an overinflated price elasticity of demand
Suppose you are designed a new computer and want to make sure it is optimal for your needs. Random Access Memory can be added to your computer at a cost of $100 per gigabyte. For you the benefit of the first gigabyte of RAM is $800, and the benefi..
The Zenvox Television Company faces a demand function for its products that can be expressed as Q = 4,000 - P + 0.5I, where Q is the number of televisions, P is the price per television and I is the average monthly income. Average monthly income i..
Each year in the United States nearly 5 billion pounds of discarded carpet end up in land fills. In response to this situation, the carpet manufacturer has decided to start a take-back program whereby obsolete carpet is reclaimed at the end of its..
Use a model with horisontal productdifferentiation. Suppose that two firms compete. They are situated at opposite sides on a linje with length 1. Firm 1 in point 0, and firm 2 in point 1. The konsumers transport costs are linear in the distence to..
Suppose a second nation has the following data. Plot thePPC, and then determine which nation has the comparative advantagein which activity. Show whether the two nations can gain fromspecialization and trade.
a book store opens across the street from university book store (USB). The new store carries the same textbooks but offers them 20% lower than USB. if the cross-elasticity is estimated to be 1.5, and USB does not respond to it's competition.
An ice cream vendor sells three flavors: chocolate, strawberry, and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavored.
the publicly-traded companies Research in Motion (Blackberry Phone producer) and McDonalds. Using Google's finance page, answer the following questions for both companies: (a) What is the stock symbol On which exchange is this stock traded
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