Explain what the Healthcare Access, Quality, and Cost Triangle
means and use an example to illustrate how it works, in regards to
the passage of the Affordable Care Act.
Four witnesses, Alice, Bob, Carol, and Dave, at a trial each
tell the truth with probability 1/3 independent of each other. In
their testimonies, Alice claimed that Bob denied that Carol
declared that Dave lied. What is the conditional probability that
Dave told the truth?
List and briefly explain each of the four properties of
indifference curves. Provide an example where you have made a
buying decision based on one or more of these properties. Justify
your answer.