What is meant by intensive margin and extensive margin

Assignment Help Business Economics
Reference no: EM13995361

In health economics, define what is meant by intensive margin and extensive margin. Thinking about a diagnostic test such as breast cancer screening, describe what it means to increase the use of the test (1) on the intensive margin and (2) on the extensive margin. (In each case, some good will be done, but will more good be achieved than harm, considering ALL costs?)

Reference no: EM13995361

Questions Cloud

Creating a businesslike tone : Analyze the strengths and weaknesses of each sentence and (2) revise the document so that it follows this chapter's guidelines. T e message was written by the marketing manager of an online retailer of baby-related products in the hope of becoming a ..
Game theory-derive the extensive form game : There are four shoppers in a store--A, B, C and D--who sequentially show up at two checkout lines: line number 1 and line number 2. Initially, both checkout lines are empty. A shows up first, sees which line Amy entered, and chooses between the two l..
What amounts from equity method investments : What amounts from equity method investments are reported in the comparative income statements?
What wavelength do we report receiving : These LGMs use a common red laser to signal to other ships and space stations. At rest the laser light wavelength is 633nm. As they are coming at their full speed towards earth they send a laser signal to us. What wavelength do we report receiving..
What is meant by intensive margin and extensive margin : In health economics, define what is meant by intensive margin and extensive margin. Thinking about a diagnostic test such as breast cancer screening, describe what it means to increase the use of the test (1) on the intensive margin and (2) on the ex..
Discuss how the concepts of employment : Mary works at Acme, Inc.  The company is heavily regulated by the Environmental Protection Agency (EPA) and it has an audit scheduled for next week.  Mary's boss approached her and requested that she not tell anyone about the recent toxic waste spill..
Show the effect of income on equilibrium price : Due to the recession that lowered income, the market price of good X got lower. For good X, we assume that Qd(P) = 1000 − P +Y/20 , and Qs(P) = 2P −Y/20 , where Y is the income, and P is the price of good X. (a) Derive the equilibrium price P ∗in ter..
Paper - death and judgment seat of christ : You must choose from the approved list below: Angels and Demons, Arminianism and Calvinism, Assurance of Salvation and Doubt and Baptism of Holy Spirit and Spiritual Gifts
Find angular velocity of this system just after collision : A uniform 100.0g, one-half-meter stick is suspended by a short chain of negligible mass passing through a small hole at the top end of the stick, and is it hanging vertically. At some point 10.0g piece of gum moving at 2.5m/s in horizontally hits ..

Reviews

Write a Review

Business Economics Questions & Answers

  Argue for the trade restriction on steel rods

The president of the United States explains that it is necessary to impose trade restrictions, such as a tariff, on the steel-rod industry to protect workers in the domestic steel-rod industry. The president claims that without trade protection, ther..

  Effect change the firms employment and capital stock

Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to

  Consumption spending rises

If a household`s income rises from $46,000 to $46,700 and its consumption spending rises from $35,800 to $36,400, then

  Productivity falls relative to brazilian productivity

If the Brazilian demand for American exports rises at the same time that U.S. productivity falls relative to Brazilian productivity, then, in the long run, ________, everything else held constant.

  How much money is required in the trust fund to provide

At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?

  How the change in money supply affects investment demand

how the change in money supply affects investment demand and as a consequence, aggregate demand. What role dose the spending multiplier play in this process?

  Find the highest affordable house price

Suppose you have $50,000 annual disposable income and would like to spend 30% of the income on the mortgage payment. Find the highest affordable house price if a 30-year mortgage rate is 6.0%. Due to low interest policy, as of January 10 of 2015, the..

  Illustrate what is the money multiplier

Illustrate what is the money multiplier. Illustrate what is the available lending capacity.

  Effective and economically efficient trading mechanism

Compare and contrast free and fair trade. After reading the case study “Fair Trade Coffee:  What are the similarities and differences in free versus fair trade arrangements? How are these reflected in the actual prices of coffee? Are fair trade princ..

  Calculate the total demand function

Suppose the total market demand is composed by the demands of two consumers A and B. Their individual demand is: QA= 10 − 5P and QB = 4 − P. Calculate the total demand function. List detailed steps. (Hint: remember to check the kink point).

  Debating the merits of increasing government expenditures

Which of the following is not a valid point in debating the merits of increasing government expenditures or cutting taxes during a recession?

  Perform an economic analysis on a currently ongoing project

A pharmaceutical company has hired you to perform an economic analysis on a currently ongoing project. Experts from the company have estimated the market for the drug and thus the potential revenues for the drug are knows, but the relevant costs are ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd