Answer:
correct answer is Use more medical services than they would if they had to paid the full price
Explanation:
given data
pay cost = 80 percent of health care
solution
when there is no insurance, consumer consumes medicinal service
until marginal benefit is equal to marginal cost .................1
here when insurance = 80 percent
then consumer will pay 20% cost at optimal marginal benefit
so
marginal benefit = 0.2 × marginal cost
so insurance more medical services will be taken compared to no insurance
Suppose both john and bill can do two tasks in a day. if john can do each of the two tasks faster than bill, then <u>John should specialize in performing the task for which he has a </u><u>comparative advantage</u><u>. </u>
Comparative advantage refers to the capacity to provide goods and offerings at a lower possibility price, not always at a greater quantity or satisfactory. Comparative gain is a key perception that trade will still occur even though one u . s . has an absolute gain in all products.
In an economic model, retailers have a comparative advantage over others in producing a selected desirable if they can produce that excellent at a lower relative opportunity price or autarky rate, i.e. at a decrease relative marginal price previous to trade.
In economics, a comparative advantage occurs when a country can produce a very good or carrier at a lower opportunity value than another u . s .. The principle of comparative gain is attributed to political economist David Ricardo, who wrote the book standards of Political economic system and Taxation (1817).
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Answer: Supply , Decrease.
Explanation:
According to the situation mentioned in the question, it is depicted that Baltimore newspaper has increased their price or had price hike due to the increase in newsprint's price.
This situation will primarily lead to the decrease in the demand of the Baltimore's newspaper.Thus, this will further have a relative effect the supply of the newspaper i.e. supply will decrease .
Answer:
The correct answer is: Steering committee
Explanation:
Steering committee is a committee that guides and monitor projects in an organization. It is a group of senior managers or experts that work along with CIO to make important decisions, set priorities, provide guidance and assistance, monitor progress, resolve conflicts and make policies for the company.
