subject
Business, 30.07.2019 00:20 xxxamslashxxx9

Suppose that the market demand for medical care is summarized by the demand function: qd=100 –2p and the market supply is summarized by the supply function: qs = 20 + 2p a. calculate the equilibrium quantity and price, assuming no insurance is available. b. suppose that health insurance is made available that provides for a 20 percent coinsurance rate. calculate the new equilibrium price and quantity. (hint: how does the demand curve change? ) c. calculate the deadweight loss due to this insurance. d. suppose that the coinsurance rate was raised to 50 percent. calculate the new equilibrium price and quantity. (hint: how does the demand curve change? ) e. calculate the deadweight loss due to this insurance. f. how does your answer compare to the deadweight loss in part c?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 01:30
Iam trying to get more members on my blog. how do i do this?
Answers: 3
question
Business, 22.06.2019 11:00
Acoase solution to a problem of externality ensures that a socially efficient outcome is to
Answers: 2
question
Business, 22.06.2019 13:40
Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?
Answers: 1
question
Business, 22.06.2019 17:00
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
Answers: 2
You know the right answer?
Suppose that the market demand for medical care is summarized by the demand function: qd=100 –2p an...
Questions
question
Mathematics, 10.10.2020 01:01
question
Mathematics, 10.10.2020 01:01
Questions on the website: 13722359