PRICIPLES OF MACROECONOMICS
8th Edition
ISBN: 9781337761598
Author: Mankiw
Publisher: CENGAGE L
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Question
Chapter 7, Problem 11PA
Subpart (a):
To determine
To draw:The
Subpart (b):
To determine
The quantity of procedure required if consumers are ready to pay $20 per procedure. Also, to find whether the number of procedures performed will maximize the overall surplus, if the optimal rate for each procedure is truly $100, and individuals have health insurance.
Subpart (c):
To determine
Whether the usage of care are considered to be excessive when the economists blame the health insurance system for these usage of medical care.
Subpart (d):
To determine
The policies that can prevent the excessive usage of medical care.
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Problema 4 (20 puntos):
Supongamos que tenemos un ingreso de $120 y enfrentamos
los precios P₁ =6 y P₂ =4. Nuestra función de utilidad es:
U(x1, x2) = x0.4x0.6
a) Planteen el problema de optimización y obtengan las
condiciones de primer orden.
b) Encuentren el consumo óptimo de x1 y x2.
c) ¿Cómo cambiará nuestra elección óptima si el ingreso
aumenta a $180?
Please draw the graph for number 4 and 5, I appreciate it!!
not use ai please
Chapter 7 Solutions
PRICIPLES OF MACROECONOMICS
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