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According to the California Nurses Association, Tenet Healthcare hospitals mark up drugs substantially. At Tenet's Sierra Vista Regional Medical Center, drug prices are 1,840.80% of the hospital's costs (Chuck Squatriglia and Tyche Hendricks, "Tenet Hiked Drug Prices, Study Finds More Than Double U.S. Average," San Francisco Chronicle, November 24, 2002: A1, A10). Assuming Tenet is maximizing its profit, what is the elasticity of demand that Tenet believes it faces? What is its Lerner Index for drugs?
1. go back to the numerical example with no factor substitution that leads to the production possibility frontier.a.
A stock was priced at $150 per share at the end of 2007. The following table shows dividends per share paid during each year and the price of the stock at the end of the year for the following four years: Dividends Paid Stock Price at Year During ..
To which point or points is production likely to shift?
Support your ideas with appropriate citations from the Required Studies and your research. Cite and reference your sources in APA style and include a reference list.
If the price of blue toy cars is $5 and the price of pink toy cars is $2, then which of the following consumers will make the same choices if their income is the same (assuming maximization of income) Gloria, utility is U(b,p) = b^2 * p
If an editorial says that Americans are saving at lower amounts ie,20 years ago the average savings rate was 20% of disposableincome. The editorial predicted that this would drop to5 percent in less than five years.
Compute the inflation rate for each year 1989 - 2006 and determine which were years of inflation. In which years did deflation occur In which years did inflation In which years did deflation occur In which years did disinflation occur
You are attending the yearly shareholder's meeting of PIC firm. A fellow stockholder points out that manager of PIC received $100,000 last year, while the manager of a rival company, CUP Enterprises, earned only $50,000.
The defendant countered that it should only be liable for $27, the cost of sending the message. Under what conditions, if any, should the plaintiff recover the $7,000? What case should the court invoke as precedent in making its decision?
Suppose that the markup of prices over costs increases to 10%. What happens to the natural rate of unemployment? Explain the logic behind your answer.
Jeff holds $50,000 wealth which has a utility of 7.07 utils (assuming utility is the square root of wealth in thousand dollars). He considers investing this in a gamble which has a 0.6 probability of increasing his total wealth to $100,000 and 0.4..
Assume that the average cost curve is U-shaped: What is the relationship between the average and marginal costs? What does the total cost curve look like?
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