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Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson for a major pharmaceutical firm, and Tanya is a stay-at-home mother. Greg's employer offers employees a choice between two health benefit plans:
1.) An indemnity plan that allows the Ridpaths to choose health services from a wide range of doctors and hospitals. The plan pays 80% of all medical costs, and the Ridpaths are responsible for the other 20% . There's a deductible of $500 per person. Greg's employer will pay 100% of the cost of this plan for Greg, but the Ridpaths will be responsible for paying $380 a month to cover Tanya and the children under this plan.
2.) A group HMO. If the Ridpaths choose this plan, the company still pays 100% of the plan's cost for Greg, but nsurance for Tanya and the children will cost $295 a month. They'll also have to make a $20 co-payment for any doctor's office visits and prescription drugs. They will be restricted to using the H M O's doctors and hospital for medical services.
Which plan would you recommend that the Ridpaths choose? Why? What other health coverage options should the Ridpaths consider?
Among which of the following receives government subsidies that are in place to protect the population rather than for economic reasons.
If this were the case would there be any automatic stabilizers in the government economy. Would there be any distinction between the full-employment deficit also actual budget deficits.
Illustrate what is the minimum price neccessary for this firm to produce any output in the short run.
The size of the labor force in a community is 500, and 400 of these folks are gainfully employed. In this community, 100 people over the age of 16 do not have a job.
Decide whether each of following statements is true or false. Then explain why your answer is correct, based on Slutsky decomposition into income and substitution effect.
What is the amount of this bank's deposits that are in M2? What is the amount of this bank's reserves?
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
Converse the latest equilibrium price also quantity to result from these changes.
Use the capital-asset pricing model to predict the returns next year of the following stocks, if you expect the return to holding stocks to be 12 percent on average.
Suppose the cost function is C(Q) = 50 + Q - 10Q2 + 2Q3. What is the marginal cost of producing 10 units? my teacher said it was 401 for the answer but I don't understand how he got that answer because he asked the same problem and said that answer w..
These investors seek unlimited access to investment consultants and are willing to pay up to $10,000 annually for no fee-based transactions.
Walras Equilibrium with two consumers and two commodities, given endowments and preferences for both consumers.
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