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Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. Your marginal and average cost for dispensing a prescription is $2. What is the profit-maximizing dispensing fee for Medicare and PPO patients? Why might the price elasticities of demand differ?
Examine the first diagram showing the monthly production possibility frontier for the Tivoli and the monthly production possibility frontier for the Frivoli. Which tribe has the comparative advantage in spaghetti production? Which tribe has the compa..
Now allow Foreign and Home to trade with each other, at zero transportation cost. Find out and draw a graph of equilibrium under free trade.
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
Several big companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles through,
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
Some employers no longer consider a prospective employee's grade point average as a useful signal. Why might this be the case? because it is not fair to the students who put in a lot of effort and still get bad grades
What are the characteristics of perfect competition? Why does this type of fast-food restaurant tend to display characteristics of perfect competition? Imagine you are running a firm with the characteristics of a perfectly competitive firm. Describe ..
The paper for this course requires you to think of a macroeconomic problem that currently exists outside of the United States. Using that problem, you will form a paper topic that will explore alternative solutions to the problem. My rejection would ..
If a firm is able to cover its variable costs by operating in the short run then, at its best output level, the______.
The price elasticity of good Y is -1.46. The advertisement elasticity of demand for good Y is 3.53. And these two elasticities are assumed to remain constant over the planned price and advertisement changes.
What are the roles of money? Explain in your own words what each of these roles mean. Which of the roles do the following items satisfy? a. A credit card b. A painting by Rembrandt c. A subway token
The hiring rule for the perfect competitor in the labor market is to choose that amount of labor for which the wage rate is exactly equal to
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