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11111nata11111 [884]
2 years ago
9

Consider how health insurance affects the quantity of health care services performed. Suppose that the typical medical procedure

has a cost of $100, yet a person with health insurance pays only $20 out of pocket. Her insurance company pays the remaining $80. (The insurance company recoups the $80 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) Consider the following demand curve in the market for medical care.
1. Based on the given demand and​ supply, the given transportation problem is
________?
2. Before finding the initial​ solution, a dummy_____________ should be introduced.?
3. The total cost of the optimal solution​ =____________?
Business
1 answer:
IrinaK [193]2 years ago
4 0

Answer:

hello your question has some missing part attached below is the missing demand curve

Answer :

1) the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20  procedures )

2)  quantity of medical procedure

3) $200

Explanation:

1) Based on the given demand and supply, the given transportation problem is  the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20  procedures )

2) A dummy quantity of medical procedure should be introduced

3) Total cost of optimal solution

optimal quantity of medical procedure ( Qd) * price of medical procedure(Qp)

= 20 * 100

= $200

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However, the statement that an emergent strategy can only exist in only an internal and external environment is true.

This is because these internal and external factors are why the strategies are in place to make sure that there is a realized goal in the company and that continuity is ensured.

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2 years ago
Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials
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<h3>What are manufacturing costs?</h3>

Manufacturing costs is grouped into materials, labor, and overhead. They are kinds of  direct costs.

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4 0
2 years ago
What factors under the control of owners and managers make a firm successful and allow it to earn economic​ profits?
mafiozo [28]

Answer: E. The firm's ability to differentiate its product

Explanation:

The factor under the control of owners and managers that make a firm successful and allow it to earn economic​ profits is the firm's ability to differentiate its product.

Product Differentiation has to do with making a product unique from that of its rivals so that it'll be attractive to the customers and the target market. This will slow be vital for the company to produce at a average cost that is lower than that of its competing firms. This will help the company to have a competitive edge over others.

8 0
2 years ago
If you can invest $1,000 today and it will grow to be worth $1,350 over the next 6 years, what is the compound annual return you
Roman55 [17]

Answer:

5.13%

Explanation:

Given:

Worth of investment today (PV) = $1,000

Investment worth after 6 years (FV) = $1,350

Time period of investment (nper) = 6 Years

It is required to compute annual return (RATE). This can be computed using spreadsheet function =RATE(nper,-PV,FV).

Substituting the values, we get =RATE(6,-1000,1350)

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Present value is negative as it is a cash outflow.

Therefore, annual return is computes as 5.13%.

3 0
3 years ago
Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will
patriot [66]

Answer:

C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise. 

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An increase in demand would lead to an increase in demand and price.

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The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.

I hope my answer helps you

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