Explain why even the most independent central banks are still dependent on the support of the governement to their policy objectives effectively?
The most independent central banks are still dependent on the support of the government totheir policy objectives effectively because the governments think that 1. Only with the support of the…
Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate.
A rational consumer cannot be indifferent between the {x, y} consumption bundles {2, 8} and {3, 4} and also the bundles {2, 8} and {4, 5}. [Hint: Use a consumer theory diagram to illustrate your answer.
A household may be made better off and is never worse made worse off if it receives a cash transfer of equal value to a housing voucher (a transfer that can only be spent on housing).
Explain why each of the following statements is false. Be thorough yet concise in your answer.
1. Consider a graph of typical cost curves for a firm. As outputincreases, the distance between average total cost and average variable cost increases.
2. When perfectly competitive firms make aprofit, it encourages other firms to enter. Over thelong-run, this entry causes the market demand curve to shiftright, which increases marginal revenue for each firm. This entry continues until each firm is earning zero profit.
3. To maximizeprofit, a monopolist will produce and sell a quantity where MR= MC and then charge a price equal to MR.
Running head: COST FUNCTION 1 Cost FunctionStudent’s NameInstitution COST FUNCTION 2Question 1 As output increases the AVC decreases then increases because at first, the MC is less thanAVC…
Explain why each of the following statements are false. For each, write the correct statement.a. A monopolist maximizes profits when MC=Pb. The higher the price elasticity, the higher is a monopolist’s price above its MC.c. Monopolists ignore the marginal principle.d. Monopolists will maximize sales. They will therefore produce more than perfect competitors and their price will be lower.
Explain why each of the following phrases or clauses is used rather than the alternative provided:
a. “The financial statements referred to above present fairly, in all material respects, the “financial position” rather than “The financial statements mentioned above are correctly stated. “
b. “In conformity with accounting principles generally accepted in the United States of America” rather than “are properly stated to represent true economic conditions.”
c. “In our opinion,, the financial statements present fairly” rather than “The financial statements present fairly.”
d. “Brown & Philips, CPAs (firm name),” rather than “James E. Brown, CPA (individual partner’s name).”
e. “We conducted our audit in accordance with auditing standards generally accepted in the United States of America” rather than “Our audit was performed to detect material misstatements in the financial statements.”
•Explain why is understanding the target market a crucial aspect of the communication process.
It is true that understanding the target market is a crucial aspect of communicationprocess because it helps in creating the right message with the right quality. Target marketmeans to…
1. Explain why insurance companies, whose owners are presumably risk averse, are nonetheless willing to take on someone else’s risks of medical spending by selling insurance.2. Explain the incentive problem associated with fee-for-service insurance reimbursement. How does switching to capitation reimbursement solve this problem? Can you make an argument that capitation creates a different incentive problem?3. Discuss the differences between a traditional staff model HMO managed care plan and a PPO managed care plan. Also explain the differences between a POS managed care plan and an IPA managed care plan.4. In class we discussed eight ways how managed care organization “manages care” (e.g. gatekeeper, copayments…etc.). Discuss three of these ways.5. Explain two possible reasons why managed care would harm health outcomes.6. Describe the Medicare Prospective Payment System. What incentive problem was it designed to correct? What other incentive problem did it create?7. Explain how public insurances such as Medicaid and SCHIP “crowd-out” private insurance. Why is it an issue?
1. Explain why industrial regulation exists.2. Explain how industrial regulation affects the market.3. Explain the entities affected by industrial regulation in terms of market structure.identified.
Explain why the cultural definition of marriage refers to “persons” rather than “a man and a woman.”
What is polyandry? How does it fit into other aspects of social structure and adaptation to the environment
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