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You believe that next year there is 50% probability that your health care cost will be $5,000 but your spouse believes you will all be healthy and there will be no healthcare cost; however you both agree to buy an annual health insurance plan. An internet site makes you believe in your age group and with family size will spend $4,000 with 30% probability. You decide to make a scientific decision and look for a health insurance policy where the annual premium will not exceed your expected premium. What is your expected annual premium?
What do economists mean when they say that "price floors and ceilings stifle the rationing function of prices and distort resource allocation" Use the ideas of consumer surplus and producer surplus
What happens to the regression F value if R2 decreases holding everything else constant?
Technology, including travel-driven technology, has made the world smaller. It has enabled the rapid exchange of ideas and information, further shrinking the world. This has also led to more porous borders with significant difficulty in ensuring safe..
One person using one computer can produce 11,000 typed pages per year, and the price per page for your service is $2. Depends on the costs and revenues above, which should you do. Elucidate and show any relevant calculations.
q1. suppose a health expenditure function is specified in the following manner e 500 0.2y where e represents annual
In a monopolistically competitive industry,
q.an entrepreneur wants to undertake a project which generates future revenue of 34 or 9 and requires an initial cost
(Price Posting) A monopolist supplies to a market with (inverse) demand given by D(Q) = 100 ? Q. The monopolist has constant marginal cost c = 2. Compute the monopolists profit-maximizing supply choice and the corresponding mark-up over marginal cost..
Education is a funny business. Schools usually charge the same tuition for all 3 credit classes even though some class times are much more popular than others. At WCC for instance, 11:00 a.m. classes are much more popular than 9:00 a.m. classes. Let’..
q1. if the variable is almost normally distributed does that mean you use common distribution?use the data set noting
Why would a US company choose to export a product to India rather than license India the right to produce the product locally
A construction firm can lease a crane required on a project for 3 years for $180,000 payable now, with maintenance included. The alternative is to buy a crane for $240,000 and sell it at the end of 3 years for $100,000. Annual maintenance costs are e..
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