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INCENTIVES AND HEALTH CARE Economists like to say that people act in accordance with the incentives they face (that is, in accordance with the rewards or punishments set up for various actions, or, if you will, in accordance with costs and benefits to various choices.) Let us use the health care system in the United States as a
Many executives will save an organizations money by not having auto insurance on the fleet of company vehicles, whereas, in their personal finances, they will carry insurance on their family car. Take something from your experience that illustrates the difference in attitude from the point of view for an individual to an organiz
Social Issues in economics 1. Compare a ban on trans fats to a ban on cocaine. What do the markets look like? How are they different? Which ban would be easier to enforce? Explain. 2. What would it mean if the poverty income level of the United States were applied to Mexico? 3.If the incidence of poverty decreases during periods when the economy is growing and increases during periods when the economy is in recession, what government policies might be used to reduce poverty most effectively?
1. Compare a ban on trans fats to a ban on cocaine. What do the markets look like? How are they different? Which ban would be easier to enforce? Explain. 2. What would it mean if the poverty income level of the United States were applied to Mexico? 3.If the incidence of poverty decreases during periods when the econo
How is a budget constraint determined, and why does it looks as it does in a graph?
Suppose that the economy starts at equilibrium and the MPC = 0.8. What would be the effect of a $300 increase in taxes once all the rounds of the multiplier process are complete?
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Please see the attached file. THE BUSINESS SITUATION After graduating with a degree in business from Eastern University in Campus Town, USA, Michael Woods realized that he wanted to remain in Campus Town. After a number of unsuccessful attempts at getting a job in his discipline, Michael decided to go into business for h
Please see the attached file. The comparative statements of Villa Tool Company are presented below. VILLA TOOL COMPANY Income Statement For the Year Ended December 31 2009 2008 Net sales $1,818,500 $1,750,500 Cost of goods sold 1,011,500 996,000 Gross profit 807,000 754,500 Selling and administrative expense
Hi there: Please help with this question and provide graphs. thanks! __________________ **Consider the following series of shocks to the U.S. economy and show the effects in an AD-AS diagram (using an upward-sloping short-run aggregate supply curve). Be sure to label the curves clearly. --Shock 1: An increase in the
Engineering economy questions. I need to know what formulas I need to use in order to solve the problems as well as how to solve the problems
Tony Skateboards is considering building a new plant. James Bott, the company's marketing manager, is an enthusiastic supporter of the new plant. Alyssa Minh, the company's chief financial officer, is not so sure that the plant is a good idea. Currently the company purchases its skateboards from foreign manufacturers. The follow
I Unemployment and its natural rate. ?It can be based on current news and events. Present a news article relevant to the material of that particular week. The article should of course demonstrate or relate to a topic being covered that particular week (the topic I listed above) - a typical news article would be appropriate
Parts cut off: Activity 1: expected used of cost driver (80,000 + 15,000 + 7,000)= 102,000 prints Activity 2: expected used of cost driver prints: 80,000 components prints and frame: 15,000 x 2 = 30,000 components print, mat and frame: 7,000 x 3 = 21,000 components total = 131,000 components activity 3:
Ed Widner and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufactures cabinets of mahogany, oak, and other fine woods for use in expensive homes, restaurants, and hotels. Although some of the work is custom, many of the cabinets are a standard size. One such non-c
LaRussa Inc. is preparing its annual budgets for the year ending December 31, 2009. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 400,000 200,000 Unit selling price $20 $25 Production budget: Desired ending finished goods units
Danner Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2009. 1. Sales: Quarter 1, 28,000 bags; quarter 2, 42,000 bags. Selling price is $60 per bag. 2. Direct materials: Each bag of Snare requires 4 pound
Fultz Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2008. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor
Malone Company estimates that 360,000 direct labor hours will be worked during the coming year, 2008, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs Supervision $ 90,000 Indirect labor $126,000
Jon's income is $150. Good X is $2 and good Y is $2. Jon buys 50 units of X and 25 units of Y. Call this bundle K. At this bundle the marginal rate of substitution is 2. Can Jon improve himself by increasing his consumption of Y? What should he do? Please explain answers.
1.Ignoring the issue of fraudulent use of the credit, what can we deduce about the elasticity of demand for houses? 2.Do you think the credit is a good use of fiscal dollars? article is attached
Please refer attached file for complete question. Graph is missing here. 1. In the following diagram, we show one of Jane's indifference curves and her budget line. a. If the price of good X is $100, what is her income? b. What is the equation for her budget line? c. What is the slope of the budget line? d. What is the
Determining NPV and 8 year forward rate. Capital Budgeting and Financing. Cantoon Co. is considering the acquisition of a unit for the French government. Its intial outlay would be $4 million. It will reinvest all the earnings in the unit. It expects that at the end of 8 years, it will sell the unit for 12 million euros
How is the U.S.budget deficit related to the foreign trade deficit?
I need help with the following: Writing Memos Review the Purdue's OWL site on memos, make sure you review all four areas. Accessed August 12, 2009, at: http://owl.english.purdue.edu/owl/resource/590/01/ Bowman, J. P. Writing Persuasive Messages. Accessed August 12, 2009, at: http://homepages.wmich.edu/~bowman/c4e
1. How would an increase in each of the following affect the consumption function? How would it affect the savings function? (a) net taxes (b) the interest rate (c)consumer optimism or confidence (d) the price level (e) consumers' net wealth (f) disposable income
The financial manager of a firm determines the following schedules of cost of debt and cost of equity for various combinations of debt financing: Find the WACC. 1.Debt/Assets After-Tax Cost of Debt Cost of Equity WACC 0% 4% 8% 10%
Comparison of solution for class exercise. How was the $1600 & $2000 budget calculated as well as the corresponding labor/capital input for each? See the attached file.
Increasingly, employees are being allowed to choose benefit packages from a menu of items. For instance, workers may be given a package of benefits that includes basic and optional items. Basics might include modest medical coverage, life insurance equal to a year's salary, vacation time based on length of service, and some re
Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add five new chairlifts. Suppose that one lift costs $2 million, and preparing the slope and installing the lift costs another $1.3 million. The lift will allow 300 additional skiers on the slopes, but there are only 40 days a year when the