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Vanilla Vanilla

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How can we be sure that the price P is the same for all vehicles? Why can’t sellers with excellent cars not simply advertise their high car quality and charge higher prices?

Health Economics

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INSTANT ANSWER

Instructions (1) Answer ONE of the two questions in an oral presentation. Indicate which question you attempt. (2) Record your response and submit on class-based Google Classroom. Your response should not be more than 2 minutes. (3) Write your explanation of your response in no more than 50 words on p.2. Explain it well. Question 1 "I ought to be chief," said Jack with simple arrogance, "because l'm chapter chorister and head boy. I can sing.." ...while the most obvious leader was Jack. But there was a stillness about Ralph as he sat that marked him out; there was his size, and attractive appearance.... "All right. Who wants Jack for chief?" With dreary obedience the choir raised their hands. "Who wants me (Ralph)?" Every hand outside the choir except Piggy's was raised immediately. Then Piggy, too, raised his hand grudgingly into the air. The circle of boys broke into applause. Even the choir applauded; and the freckles on Jack's face disappeared under a blush of mortification. (LOTF p.22 and 23) Share your thoughts on this excerpt. You may use the following prompts to help you: * * *What are the boys doing at that time? *  How are Jack and Ralph being characterized? * Based on the quotation and the chapters, who appears to be more popular among the boys? Why? * Why do you think Piggy changes his mind and raises his hand for Ralph towards the end? * On the whole, who would you vote for? Jack or Ralph? Why? Question 2 "We've got to have special people for looking after the fire. Any day there may be a ship out there... and if we have a signal going they'll come and take us off. And another thing. We ought to have more rules. Where the conch is, that's a meeting. The same up here as down there." (LOTF p.42) Share your thoughts on this quotation. You may use the following prompts to help you: * Where are the boys and what are they doing at that time? * What do you think Ralph is trying to do by saying this? * What does the conch symbolize? * What does the quotation tell us about how Ralph prioritizes tasks to do on the island? * What do you think such prioritization may imply? * Would you have the same priority if you were on the island with the boys? Why? Also write the reason why chose that Question in No more than 50 words

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INSTANT ANSWER

What are some of the factors that show that India has lots of promise to shine among the emerging market economies?

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The cost (C) and revenue (R) functions of a perfectly competitive firm are given as: C (q) = 0.04q^3 - 1.94q^2 + 32.96q R (q) = 20q - 0.5q^2 Determine the level of output (q) at which profit is maximized and find the maximum profit

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1. Choice reveals preference. Examine this statement critically using a suitable diagram. 2. Explain five basic assumptions of perfect competition.

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ANSWERED

Crystal Wang verified

Numerade educator

1)Complete each graph based on the scenario below it market is bolted and underlined. A) Computers Market: consumers expect the price of computers will rise at the same time as the number of computer manufacturers drops. FActors:_________ B) Market of flu medicine: there is a severe flu season at the same time as the cost of raw materials for making flu medicine increases. Factors:_______ C) Beef prices continue to fall and the supermarket see consumers coming into the store, more often. Factors:________ 2) the graph below represents the AD/AS graph of the Canadian economy. Currently the economy is in a recession. A) add all appropriate curves to show the recession graphically. Then B) Describe least three economic characteristicsof a recession.

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INSTANT ANSWER

Draw a graph with a supply and demand curve, and an equilibrium, and then add producer surplus to the graph. Then, add a leftward shift in demand, and show the new producer surplus. Write down whether the surplus got bigger, smaller, or if there's no way to tell.

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ANSWERED

Crystal Wang verified

Numerade educator

Consider the Malthusian model that we covered in class. Suppose that the economy is in a Malthusian steady state when there is suddenly a shift in cultural attitudes, such that for any given level of income, people now want to have more children than they formerly had. What is the impact of this cultural shift on the relationship between population growth and income? How will it affect the size of the population and the standard of living in the long run (i.e., in the Malthusian steady state)? Support your answer with appropriate graphs.

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Suppose that two countries - A and B - have the same rates of investment and depreciation, the same levels of productivity, and the same levels of output per worker. They differ, however, in their rates of population growth. Specifically, the growth rate of population in Country A is greater than that in Country B. According to the Solow model, which country should have a higher growth rate of output per worker? Briefly explain your answer. Also, draw the Solow Model diagram for Country A and Country B.

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Using a supply-and-demand graph and assuming competitive markets, show and explain the effect on equilibrium price and quantity of the following: (a) A technological change that reduces the cost of producing X-rays on the market for physician clinic services. (b) Increased graduations of new doctors on the market for physician services. (c) The virtual elimination of smoking in the population on the market for hospital services

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1. Why was the RAND study useful for measuring price elasticities of demand for healthcare by randomly assigning insurance plans to participants (as opposed to letting them choose)? 2. What does the RAND study find in terms of the elasticity of the demand for all healthcare? If the price of healthcare increases by 10%, what does this suggest about how (i) the quantity demanded will change and (ii) overall spending on healthcare? 3. Do non-profit hospitals always generate less supplier-induced demand for healthcare than for-profit hospitals? Why or why not? 4. Why might information problems lead to consumer preferences for nonprofit provision of some goods and services? Reconcile your answer with the observation that most physician care, drug products, and many other services are provided by for-profit firms.

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