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1. List and define five major challenges facing the healthcare delivery systems today
A) What is the Affordable Care Act (ACA)? B) Why was it passed? C) What are the potential benefits to healthcare organizations to be gained as ACA futures become implemented
Assume that the supply of soda is more elastic than the demand for soda. Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax.
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line.
Why was the Federal Reserve System set up with twelve regional Federal Reserve Banks rather than one central bank, as in other countries? What is the primary tool that Congress uses to exercise some control over the Fed?
The wheat harvesting season in the American Midwest is short, and most farmers deliver their truckloads of wheat to a giant central storage bin within a two-week span. It will cost $200,000 to enlarge the bin during off-season. How long will it take ..
If there are n firms in the marketplace also every firm charges p. Illustrate what is total producer surplus.
If the unemployed workers in the newly unionized sector spill over into the nonunion sector? How many employees will be hired in that sector? D. What is the union relative wage advantage? What is the true absolute effect?
Elucidate how many workers the firm should hire for different values of the wage rate in order to maximize profit.
Elucidate how many rounds of golf also games of curling will Seignior Cruz play in a week. Give an economic interpretation for the value of the Lagrangian Multiplier.
Consider a perfectly competitive firm with the short-run cost function, C(q) = 500 + 40q + 10q2. At the market equilibrium price P* = 80, what is the profit at its optimal quantity supplied?
Consider a country in autarky with only two inputs, capital(K) and labor(L), that produces only two goods apples (A) and bananas (B). What is the condition for efficiency in production?
Assume that an English worker can produce 50 bottles whisky every hour or 1 sweater every hour.
If the money wage rises, all else equal, economists would expect
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