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Suppose that the insurer still charges everyone the same premium of $2000 as he is not able to identify which individuals face a risk of 5%, 10%, and 15%. What will happen under such scenario?
If there are three ophthalmologists in town, then it's 20/40." Based on this conversation, what are the implications for health policy?
It is very common to hear economists talk about the "equity-efficiency" trade-off. What do you mean by this trade off? Does this trade-off always exist in the health sector?
Using a supply-and-demand graph and assuming competitive markets, show and explain the effect on equilibrium price and quantity of the following.
At what interest rate are we - as economists indifferent between constructing the dam and leaving the river wild?
What is the present value of the 30 annual payments if the interest rate is 8 percent? Based on this value, should Teresa opt for the up-front payment or the 30 installments?
What action in the Treasury bill market would the Fed have to take to increase bank checking account deposits by $990 million?
The Federal Reserve System is structured in such a way as to insulate monetary policy from the political pressures characteristic of the rest of our political system of representative democracy.
Calculate the Nash equilibrium output, price and profits of each firm using quantity as the strategic variable. Compute the Lerner index for each firm.
Derive the best-response functions (reaction functions) of the two firms. Calculate the quantity that each firm will produce. What will be the market price?
How many units of labor would be employed at each level of output? How much capital?Graph the total cost of production as a function of output. (Put total cost on the Y-axis and output on the X-axis)
Why do wild salmon populations face the threat of extinction while goldfish populations are in no such danger? Briefly explain your answer.
If the individual's annual income is $100,000 and the last year's price of gasoline was $3/gallon, by how much her consumer surplus declined if oil shortages raise the price to $4/gallon?
However, the reverse is true: The price of strawberries is lower in the peak season than it is in the winter season. How do we explain this seeming contradiction?
Comment on why the federal standard might be different from the state standard for minimum wage rates. Does higher wage rates increase unemployment in a growing economy?
Is all unemployment "bad?" Explain. What types of unemployment might actually be "good" or necessary? Is it possible for the number of employed workers to increase while the unemployment rate rises?
Suppose that several prominent highly leveraged corporations( other than ByHy) default on their bonds. What would you expect to happen to the price of ByHy`s bonds and why?
Discuss this problem using the tools of public finance and propose two solutions, one involving taxes and the other involving property rights.
Assume further that the nominal rate of interest is 10 percent and the expected inflation rate is 2 percent. According to the investment function, investment will be?
stimate the internal rate of return from the table in part b. IRR is approximately. Using the IRR formula or GoalSeek, find the exact IRR to two decimal places.
Start Now has a production function of Q = K1.2L0.5. Given that the price of capital (K) is $125 and the MRTS is K = L. How many units of capital and labour will be used to produce 1,000 units?
Now the government offers a subsidy of $6 to suppliers for every unit of jelly beans that they sell. The effect of this subsidy on the equilibrium price paid by consumers for jelly beans is to?
The technician was rated at 85 percent, but the analyst was uncertain about this rating because of the automated equipment. Allowances are set at .10. Determine a standard time for a standard blood
If the house can be sold for $145,000 at the end of 10 years, how much could you afford to pay for it now, if you considered 18% to be a suitable interest rate?
Suppose an industry has potential firms with identical technologies with TC = 200 + 2Q2. The demand curve in this industry is D(p) = 18 - ¼ p. What is the AC minimizing quantity for a single f