Please pick a health care phenomena/problem and use Philip Jacobs’s descriptive explanatory and evaluative model (in studying Economics) to analyze it. (Please use the real statistics that you search online and cite the source)
let the domestic market for small, specialized calculators and similar office equipment be currently served by one firm, called firm 1. The firm has the following cost schedules:tc(q1)=0.035q1^2 and mc(q1)=.05q1market demand is p=50-.1Q, and right now q is equal to q1 because the only firm in the market is the incumbent firm 1.a. if the incumbent acts as a simple monopolist what price will it […]
In March 2011, a factory used new technology to produce its output. Then in August 2011, a fire destroys half the factory. The new technology shifted the factory’s PPF ____ and the fire shifted it ____.
A marketing manager suggests that the company should set prices so that profits per unit are maximized. Discuss the pros and cons of this position. Be as precise as possible. A marketing manager suggests that the company should set prices so that profits per unitare maximized. Discuss the pros and cons of this position. Be as precise as possible.Solution:Every step…
For part c, the answer states that the employment population ratio would remain the same. However, I am confused as to why that is because I would think if the college graduates cannot find work, they would be considered unemployed and would therefore decrease the employment-population ratio. Chapter 28: P&A-5 (page: 636- Economists use labor-market d 3? ate how well an economy isusing its most […]
Multiple-Choice Questions Name __Kelvin Brum________________________________ Directions: Record your answer on the line that precedes the number of the question. Save the document at the end and paste into the assignment link before the 25 minutes has expired. __D_1. According to Nils Roll-Hansen, the social role of basic research or science did NOT include: a. it was a crucial ingredient in the ideology of liberal democracy […]
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1. You are researching pay gaps at a local hospital. You find that nurses working in maternity are paid 20% less than ER nurses who are both paid less than ER doctors. You also find that maternity nurses are 90% female, while ER nurses are 60% female and 40% male and ER doctors are almost all male. Is the hospital practicing discrimination? 2. In the […]
We had two financial crises since 2000, 2000 dot.com bubble, 2008-2009 financial crisis. From FRED website, find the following data from 1995 to 2013, and make a graph. Explain the general trends of each series, and compare them between the two crises. Money supply (M2) Velocity of Money Consumer Price Index
N For the Module Assignment, please answer the following questions: · What is money, and why does anyone want it? · Explain the concept of the opportunity cost of holding money . · Explain why an increase in U.S. interest rates relative to UK interest rates would affect the U.S.-UK exchange rate. · Suppose that a person’s wealth is $50,000 and that her yearlyincome is […]
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