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1).Why is the depreciation of capital good a cost of society? In what ways does a person's health depreciate? 2).Why might older people's health care expenditures increase in the Grossman model even though their desired health stocks may be lower? 3). List at least three factors that might increase an individual's marginal efficiency of investment in health capital. 4). The deductible feature of an insurance policy can affect the impact of moral hazard. Explain this in the context either of probability of treatment and/or amount of treatment demanded. 5). Describe the benefits to society from purchasing insurance. Describe the costs. Define and discuss the welfare gains from changes in insurance coverage. 6). If only risk-averse people will buy health insurance, why do many people who buy health insurance also buy lottery tickets (an activity more consistent with risk taking)? Speculate on the differences and similarities.
Chamber of Commerce, and your colleague has written a position paper and asked you to proof read it. In that report, she concludes; "in 2009, the U.S. exports were $1.571 billion and imports were $1.946 billion, with a resulting trade deficit of $..
Frequent flyer programs are targeted more toward business travellers (who do not pay for their own tickets) than leisure travellers (who do). Explain their effect on each type of traveller. Why is there a difference?
If the product price is $4 per unit and the price of the factor of production is $80 per unit, the profit-maximizing quantity of the factor is____ unit(s).
Differentiate between the resource market and producer market in a circular flow model. Determine the way that businesses and households both sellers and buyers in this model also find the flows in the circular flow model?
suppose you have announced you will meet the competition in response to entry threats by a potential rival who has done
1list the determinants of aggregate demand by component.list the determinants of short-run aggregate supply.3draw
The demand curve for 48" Sony flat screen televisions is likely to move to the right when consumer incomes increase.
Why are common borders and cultural similarities often an additional factor to determine who trades most with whom and why? Use your knowledge of the gravity model to justify your answer through two suitable examples.
would warehouse operators insist on owning their own trucking companies? why or why not? what coordination and control
Presume that a monopolist charges (a uniform) price P = $24 and the price elasticity of demand is -6. We can conclude that its marginal cost should be:
suppose that the miles-per-gallon mpg rating of passenger cars is a normally distributed random variable with a mean
Impacts of Globalization and CSR for the case and impacts of cultural integration and how that affects management decisions.
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