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suppose a hugely successful web company has utilized free economics expanded its scale of operations also spread its
third national bank has reserves of 20000 and checkable deposits of 100000 the reserve ratio is 20 households deposit
presume that three risk-neutral bidders are interested in purchasing a princess beanie baby the bidders numbered 1
in the presence of very risk-averse bidders a person selling her house in an auction will have a high expected profit
presume that a department store is selling a popular brand of dress shirt for 109 each through the first two weeks the
which of the following states a central element of the economic way of thinking1 scarce goods are priceless2 the
where would you plot unemployment on a production possibilities frontier where would you plot full employment on a
a consumers reservation price is the price at which a1 producer is indifferent between selling the product and not
which of the following explains why big business typically spends more on rent-seeking activities than customers1 labor
consider an auctioneer who is selling an item through an auction it is known that the 25 risk-neutral bidders have
if a company adds up all the costs of producing an intermediate product-direct labor materials and overhead - to
state the rule for optimum input allocation to produce a given level of output at the lowest possible cost -when two
when medical fee schedules are negotiated by two monopolists-one representing patients and one representing
the amount that a hospital will be paid for treating a medicare patient is determined before the patient ever sees a
global budgets coupled with price ceilings can control total spending as long asthe price ceilings are negotiated in
presume a price ceiling is set below the current market price if the goal of the price ceiling is to reduce total
if a price ceiling is to accomplish its intended goal of lowering overall spending which of the following should be
the most important aspect of the 1983 changes to medicare that introduced diagnosis-related groups drgs was defining
physicians who accept assignment on their medicare patientsa bill patients for 80 percent of the allowable feeb agree
possibly the most serious flaw in the medicare system is the fact that1 coverage for outpatient drugs is poor2 the
falling hospital admissions and shorter length of hospital stays beginning in the mid 1980s may be attributable toa the
a fee schedule based on diagnosis-related groups sets up an incentive toa over treat patients by recommending more care
many cities have experienced a substantial decrease in the amount of garbage being collected after they changed from
a suppose a country is in a fixed exchange rate regime such as china describe what factors might cause individuals to
since economists do not favour trade restrictions and this is a course in managerial economics make the case as an