Suppose that the demand of healthcare is given by p=10-hc. Supose that the price of a...

Suppose that the demand of healthcare is given by p=10-hc. Supose that the price of a healthcare visit is $4 per visit. My coinsurance rate is 50%, if my deductable is $20, how many visits do I go on WITH health insurance?

Expert Solution

Rahul Sunny answered 2 years ago

Suppose that the demand curve for healthcare is given by P=10-hc. Suppose that each visit is...

Suppose that the demand curve for healthcare is given by P=10-hc. Suppose that each visit is $4. if the coinsurance rate is %50, how many visits do we go on with health insurance?

supose that the demand of healthcare is given by P=100-10hc. Suppose that the price of healthcare...

supose that the demand of healthcare is given by P=100-10hc. Suppose that the price of healthcare is $20 per visit. What is the consumer surplus at equilibrium?

Suppose the inverse demand for gasoline is given by p=10-QD/2. a. Find the equilibrium price and...

Suppose the inverse demand for gasoline is given by p=10-QD/2. a. Find the equilibrium price and quantity assuming supply is perfectly elastic and given by MC=3. In the U.S., gasoline is taxed on a per gallon basis, and the tax is paid by suppliers. Suppose the tax is $0.5 per gallon of gasoline. b. After the tax is imposed, what is the new equilibrium price and quantity? How much revenue is raised by the tax? c. What is the tax...

Suppose that demand is given by P = 130 ? Q and marginal cost equals 10....

Suppose that demand is given by P = 130 ? Q and marginal cost equals 10. Firms are Cournot competitors and play a supergame. The collusive agreement being considered is for each to produce half of the monopoly output. What is the critical discount factor to sustain collusion using grim punishment strategies if detection of deviation requires two periods?

Suppose that the market demand is given by Q(p)=200-5p. Let p(q) be the maximal price at...

Suppose that the market demand is given by Q(p)=200-5p. Let p(q) be the maximal price at which the agents would buy q units, i.e., the inverse demand function. Then? a. p(q)=40-5q b. p(q)=40-0.2q c. p(q)=40-0.4q d. p(q)=200-10q e. p(q)=200-5q

Suppose that the market demand curve is given by q=10-p and that production costs are zero...

Suppose that the market demand curve is given by q=10-p and that production costs are zero for each of four oligopolists. (a) Determine the level of output for each of the four oligopolists according to the Cournot model. (b) What general rule can you deduce from your answer to part (a)?

Suppose that demand is given by P = 20 - Qd and supply is given by...

Suppose that demand is given by P = 20 - Qd and supply is given by P = 4 + Qs. Which of the following could represent the Social Marginal Benefit and Social Marginal Cost curves if there is a negative production externality? P = 16 - Qd and P = 2 + Qs P = 24 - Qd and P = 4 + Qs P = 20 - Qd and P = 2 + Qs P = 20 -...

the demand is given by p= 140-4Q Where P is the price and Q is the...

the demand is given by p= 140-4Q Where P is the price and Q is the quantity demanded. Find the price at which the own price elasticity is -3. (round to 2 decimals)

Suppose that the market demand is: P = 24 – 3Q, where P is price and...

Suppose that the market demand is: P = 24 – 3Q, where P is price and Q is quantity demanded, and marginal revenue is: MR = 24 – 6Q. The marginal cost is: MC = 6 and total fixed cost is 0. a. If the market structure is monopoly, determine the profit maximizing price and output for this monopolist and calculate its economic profit or loss at the profit maximizing output. b. If the market structure is perfect competition, determine...

Suppose the industry demand curve of bananas in the banana industry is given by equation p=10−qd...

Suppose the industry demand curve of bananas in the banana industry is given by equation p=10−qd .....(1) And the supply curve is given by 2 p = qs .............(2) There is an equilibrium price p* for which qd = qs = q* The equilibrium price in this market is $5 and quantity is 5. Suppose a price ceiling of $2 is imposed on this market The area of a right triangle is 12 Base Height ; The area of a...

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