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Question 1. Briefly explain whether or not the Prisoners' Dilemma has a first-mover advantage. Question 2. Briefly discuss the rationale for an insurance company including a deductible on a typical po
1) Graph the budget line, and determine the market rate of substitution. 2) Explain and illustrate the budget set. 3) Show in your graph what happens to the budget constraint if increases to $10.
What is the basic difference between using a subsidy to induce producers to install antipollution equipment and a tax on producers who pollute?
Each item of inventory Trident Foods produces has a selling price of $20? What is the degree of operating leverage of Trident? What is the degree of total leverage for Trident?
Is it possible for a government's solution to a market failure to actually worsen the failure? Explain your answer.
Assuming that Happy Valley wishes to break even on a cash-flow basis during the first year of operation, what charge per discharge must be set? If the hospital wanted to include an element in its ra
Estimate what will happen to the revenue of the practice. Use the concept of price elasticity to make the projection. Assume that price elasticity for patients in good or excellent health is 0.35 an
When deciding whether to levy a corrective tax on consumers or producers, the government should be careful to levy the tax on the side of the market generating the externality.
One day, Sara told him that fishing is too expensive of a hobby. She thinks he should stop going because she calculated that it costs about %28.75 for every fish he catches because he usually catche
A. How does the concept of economies of scale relate to the trend of larger group practices? B. How does the concept of economies of scale relate to the success or failure of insurance companies?
You are the chair of the budgeting team at a Health Care medical center and are in the process of approving the budget for the next few years. The following proposals have been made.
Undertake both a declining balance and straight-line depreciation of an item of capital expenditure of $2 million. The declining balance deprecation rate is 30%,effective tax rate is 45%, cost of ca
1) Need help computing the graduates explicit costs per month and his implicit costs per month? What is the difference between these two items? 2) Need assistance to outline opportunity cost of the
In his early work on the demand for health, Grossman (1972) found a negative relationship between income level and health. The negative effect of income on health was found only when the wage rate w
The private sector consumes 80% of after-tax GDP ((1-0.2)Y). a) Compute the current US investment rate (I/Y)
What is the market-clearing price of Type I procedures in competitive equilibrium? How many procedures are bought and sold daily in NYC?
Suppose Martha's income increased to $42k/year and she increases her health care visits by 5/year. Use the graph from question 1 to draw a new equilibrium. What is her income elasticity of demand fo
Question 1. Calculate the optimal price/output combination and economic profits prior to imposition of the tariff. Question 2. Calculate the optimal price/output combination and economic profits after
Also, briefly discuss how you can use this information to evaluate the cash needs of the company and any funding decisions needing to be made.
Problem: Can someone help me understand the relationship between marginal revenue and price elasticity?
Compare and contrast the public interest and special interest theories that describe the motivation behind government intervention in the health care market
1. Draw the person's budget constraint with the income guarantee. 2. Suppose that the income guarantee rises to $9,000 but with a 75% reduction rate. Draw the new budget constraint.
1. What is the value of Alpha Corporation? 2. What is the value of Beta Corporation? 3. What is the market value of Beta Corporation's equity? 4. How much will it cost to purchase 20 percent of each f
a) Calculate the PW for each alternative. b) Calculate the IRR for each alternative. Use interpolation (Hint: Use i = 12% to 18% for interpolation) c) Which investment is better and why?
Question 1. Prepare a cash budget for Redbird covering the first seven months of 2010. Question 2. They have $100,000 in notes payable due in July that must be repaid, or an extension renegotiated.