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1. You are a manager for a regional health system. Using an estimate of the price elasticity of demand of -0.25, how much will ambulatory visits change if you raise prices by 5 percent?
2. you estimate that the price elasticity of demand for clinic visit is -0.25. you anticipate that a major insurer will increase the copayment from $20 to $25. This insurer covers 40,000 of your patients, and those patients average 2.5 visits per year. what is your forecast of the change in the number of visits?
3. A major employer has just added health insurance coverage for its employees. consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between -0.15 and -0.35. what is your forecast of the change in the number of visit?
Despite being globally branded, Unilever still tweaked the Dove campaign from country to country. Elucidate why did it do this. What does this tell you about national differences in consumer behavior.
Illustrate what must the drivers have the drivers believed about the price elasticity of demand for taxi rides
What would happen to autonomous consumption if household debt fell and the interest rate rose over the same time period?
Illustrate what is the price elasticity of demand. What is the cross-price elasticity of demand. Suppose the price of the good, P, goes to $2.00.
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
Distinguish between ongoing demand pull and ongoing cost push inflation. Carefully draw them. Why might it be difficult to establish the extent to which a given rate of inflation is either demand pull or cost push?
You find that your paycheck for the year is higher this year than last. What does that mean that your real income has increased. Explain carefully.
If the decision is to be based on maximum expected value, what should be done?
Assume the firm does enter the market and that, over time, increasing competition causes the price of telephones to fall to $35. Under these circumstances, what would be the firms optimal output, price and profit (or loss).
Projects A requires an initial outlay of $1000 and yields $41200 in 4 year's time. Project B requires an outlay of $30 000 and yields $35 000, after 4 years. Which of these projects would you choose to invest in when market rate is 3 percent."
Prepare a flexiable budget performance report, assuimng that the company worked 8,500 direct labor hours during the month.
Suppose he is offered fair insurance with a $3000 deductible. What premium will he pay and what will be his expected utility with insurance.
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