Don't use AI and answer both parts 3. a) What is the difference between funded and unfunded social security system?b) Can the economy with any social security system Pareto dominate the competitiveequilibrium without social security? Justify your answer using an overlapping generations model.

A funded social security system is one where the contributions from current workers (and their…

Answered: 3. a) What is the difference between…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Number 4 please
You start an insurance company as your first entrepreneurial venture after graduation. Your main product line is malpractice insurance for dentists. After exhaustive research, you learn that settling malpractice claims against careful dentists costs $2,000 and settling malpractice claims against reckless dentists costs $7,500. Individual dentists know whether they are reckless or careful, and your research shows that approximately 20% of dentists are reckless. How much do should you charge for malpractice insurance to break even?
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5 every day examples of interpersonal utility comparison.
how about the 4,5,6. Please answer. Thanks.
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Compare and contrast decision making in general and decision making when there is a resource constraint
James has two young children (Finn and lain) who are visiting the doctor for their annual well-child check-ups. The doctor's office charges $105 for well-child appointments. Health insurance pays 100% of the costs associated with well-child visits and does not require a copayment. James' health plan monthly premium is $1,400 and has a $1,000 deductible. How much will James be charged when the appointment is done?
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Price elasticity measures the responsiveness of the quantity demanded or supplied to a good to a change in its price. Note: Select an option True False er than the Save Answer button will NOT save any changes to your answers!
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3. a) What is the difference between funded and unfunded social security system? b) Can the economy with any social security system Pareto dominate the competitive equilibrium without social security? Justify your answer using an overlapping generations model.