EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 9781305465626
Author: Blinder
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Textbook Question
Chapter 4, Problem 4TY
The following table summarizes information about the market for principles of economics textbooks:
- a. What is the
market equilibrium price and quantity of textbooks? - b. To quell outrage over tuition increases, the college places a $55 limit on the price of textbooks. How many textbooks will be sold now?
- c. While the price limit is still in effect, automated publishing increases the efficiency of textbook production. Show graphically the likely effect of this innovation on the market price and quantity.
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Suppose Person A is looking for a health insurance plan on Oregon's health insurance marketplace and they find one with the following details:
Monthly Premium: $331
Deductible: $5,000
Primary care visit to treat injury or illness: $35 copay
Imaging (CT/PET Scans MRIs): 40% coinsurance after deductible
Ambulance: 40% coinsurance after deductible
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Suppose further that Person A purchases this plan and it takes effect in January 2022.
The cost Person A pays per month for this health insurance is equal to _. Person A must pay. before coinsurance kicks in.
0000
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$331; $5,000
$331; $35
Multiple Choice 1 point
Suppose Person A is looking for a health insurance plan on Oregon's health insurance marketplace and you find one with the following details:
Monthly Premium: $331
Deductible: $5,000
Primary care visit to treat injury or illness: $35 copay
Imaging (CT/PET Scans MRIs): 40% coinsurance after deductible
Ambulance:…
Use the figure below to answer the following question. Point X and Y represent two non-ideal contracts that the individual is faced with buying. From this information, you can
conclude that if given the option between points B and Y the individual would prefer:
Utility
A
у в
0000
UKI)
E[Bp IH
point B- the actuarially fair and full contract
point Y-the actuarially unfair but full contract
point Y- the actuarially fair, but partial contract
point B- the actuarially fair, but partial contract
income
Chapter 4 Solutions
EBK ECONOMICS: PRINCIPLES AND POLICY
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