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denis-greek [22]
3 years ago
7

The asymmetric information problem in the market for healthcare services is​ _______.

Business
1 answer:
Vinil7 [7]3 years ago
8 0

Answer:

B

Explanation:

Asymmetric information is an instance of market failure.

It is when one party to a transaction possesses greater information or knowledge than the other party. e.g. when a seller possesses greater information than the buyer or when a buyer possesses greater information than the seller.

Individuals know when they have a more healthy lifestyle while their insurers might not be privy to such information due to privacy laws

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Innovative Components is a manufacturer of computer parts. The company recently reported earnings of $2,014,802. In addition, In
sp2606 [1]

Answer:

C) $128.15

Explanation:

The computation of the intrinsic value of Innovative Components’ equity per share is shown below:

= Retained earnings ÷ number of shares issued × PE ratio

= $2,014,802 ÷ 402,500 shares × 24.6

= $128.15

We simply applied the above formula so that the intrinsic value of Innovative Components’ equity per share could come

and ignored the company PE ratio of 24.6

6 0
3 years ago
What are the opportunity costs of going to the gym for a workout rather than studying for an economics test?
NARA [144]

Answer:

see below

Explanation:

Opportunity cost is the value of the forfeited benefits as a result of making a decision in a certain way. Decision making involves choosing one item over others. The cost or value of the option not chosen is the opportunity cost. The value of the forfeited option is the opportunity cost.

In choosing to go to the gym, the forgone activity is studying for the economic exam. The benefits associated with studying for the economic test is the opportunity cost. The value attached to the economic test, such as good grades, passing the test,  or any reward arising from studying for the test, is the forfeited benefit and hence the opportunity cost.

6 0
3 years ago
Who among the following is a member of a utilitarian organization: a) Angela, who works as a lawyer at a prestigious law firm an
dimaraw [331]

Of the options given, the most likely member of a utilitarian organization is<u> a. </u><u>Angela</u><u>, who works as a </u><u>lawyer </u><u>at a </u><u>prestigious law firm </u><u>and </u><u>earns $60,000 annually.</u>

A utilitarian organization is one where:

  • Employees receive some sort of compensation for their work
  • Employees are usually contracted to a company to provide a certain service

Angela is receiving a compensation of $60,000 annually and is a lawyer which means that they are probably contracted to the law firm.

We can therefore conclude that Angela is working for a utilitarian organization based on the fact that there is compensation and contract.

<em>Find out more at brainly.com/question/13956837. </em>

7 0
3 years ago
All of the other options that are given up when a business makes one choice over another are called
ycow [4]
The correct answer is A.
4 0
3 years ago
Read 2 more answers
An establishment has three departments with variable costs as a percentage of sales revenue of 30 percent, 40 percent, and 50 pe
zalisa [80]

Answer:

60 percent

Explanation:

Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.

Contribution margin = Sales - Variable costs

Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.

It is represented mathematically as,

= \frac{Contribution\ margin}{Sales}

Also, contribution margin ratio = 100 - variable cost ratio percentage.

Hence, contribution margin for three departments would be:

A = 100 - 30% = 70%

B = 100 - 40% = 60%

C = 100- 50% = 50%

This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.

Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.

\frac{0.70y\ +\ 0.60y\ +\ 0.50y}{3y}    

Thus, weighted average contribution margin would be, 60 percent

7 0
3 years ago
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