4.5. BOOK PUBLISHING. The technology of book publishing is characterized by a high fixed cost (typesetting the book) and a very low marginal cost (printing). Prices are set at much higher levels than marginal cost. However, book publishing yields a normal rate of return. Are these facts consistent with profit maximizing behavior by publishers? Which model do you think describes this industry best?
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Monopolistic competition refers to a market structure that is characterized by a large number of firms selling differentiated products, with each firm having some degree of market power. In this type of market, firms have the ability to charge prices that are higher than the marginal cost of production, but still face competition from other firms.
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- Exercise 2. Describe the difference between allocative efficiency and productive efficiency in theproduction of health. Assume researchers prove beyond a shadow of doubt that allocative efficiencyand productive efficiency are both causal mechanisms for the production of health. Should theUnited States spend more money educating its citizens if the goal is to become the healthiest nationin the world? [. The health authorities are considering the treatmentalternatives for three types of diseases: heart disease,cancer, and infectious disease. Each year there are10,000 new cases of heart disease, 10,000 new casesof cancer, and 5,000 new cases of infectious disease.For each diagnosis, there are a number of mutuallyindependent treatment alternatives (including notreatment) as shown in the following table. a. Identify all dominant treatment alternatives.Explain why each is dominant.b. Calculate the incremental cost, incrementalQALYs, and ICERs for all economicallyrational strategies (ICER 5 incremental cost/incremental QALYs). Why are these consideredeconomically rational?c. Using separate graphs for heart disease, cancer,and infectious disease, show the alternativetreatment options, label the dominant options,and show the economically feasible alternatives.(Place QALYs on the vertical axis and cost pertreatment on the horizontal axis.)d. The local health district has asked your opinion…5. What is overconsumption? How does overconsumption mirror overpopulation?
- Plz all parts For each Global Public Health Organizations below, I need 2 examples of how they are addressing or could address issues related to the coronavirus pandemic. As well as note their limitations in the roles that you identify. 1. World Health Organization 2. Other UN agencies with focused agenda 3. International financing organizations 4. Bilateral governmental aid organizationsFrom a cost benefit perspective, which is better... Autologous blood donation Allogeneic blood donation4. Use production theory to graphically illustrate the case in which a medical innova- tion improves health without any change in the consumption of medical care.
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- Hello, I had a question on this question, can you pls let me know if my answers are wrong or right? a) I had equilibrium p1 = p2 = st + c q1 = q2 = s/2 Profit = s2t/2 b) I managed to show the dpi/dqi <0. I got Pi = 1/2(st + Pj +c) . Is the Pi larger than c? I need help on b, pls..Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…Jackie moved to Spain to work for a public relations firm. She had health insurance from herprevious employer, but she was surprised to learn that her new employer in Spain did notoffer healthcare coverage. When she asked about this, she was told that more than 90percent of Spaniards use the public healthcare system, which was mostly free. However,her new employer did provide supplementary private health insurance that would allow herto receive quicker care from a private hospital if she desired.Jackie learned that she would be paying 4.7 percent of her salary and her employerwould pay 23.6 percent of her salary to the government for health insurance. She was given a Tarjeta Sanitaria Individual health card to prove that she had health insurance. With this,she could get free care at public hospitals and doctors’ offices. However, before seeing adoctor, she would need to register with a local primary care physician and decide whethershe would use public or private payment. If she needed…