4. in a study, by economist paul gertler and jacques van der gaag, it was found that the price elasticity of demand for hospital services in peru was 0.67 among poor households and 0.29 among wealthy households. what will be the impact on poor and wealthy households of a government decision to increase the price of hospital services by 10%.
Answers
For poor households the quantity of hospital services demanded by poor households will decrease by 6.7% in response to a 10% increase in price and For wealthy households it will be 2.9%.
Based on the price elasticity of demand figures given, we can conclude that poor households are more responsive to changes in price than wealthy households.
For poor households:
Price elasticity of demand = 0.67
% Change in price = +10%
% Change in quantity demanded = (-0.67) x (+10%) = -6.7%
Therefore, the quantity of hospital services demanded by poor households will decrease by 6.7% in response to a 10% increase in price.
For wealthy households:
Price elasticity of demand = 0.29
% Change in price = +10%
% Change in quantity demanded = (-0.29) x (+10%) = -2.9%
Therefore, the quantity of hospital services demanded by wealthy households will decrease by 2.9% in response to a 10% increase in price. Overall, we can see that poor households are more sensitive to price changes than wealthy households, and so they will experience a greater reduction in the quantity of hospital services demanded in response to the price increase.
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Related Questions
The article that came to the conculsusion that the addition of information technology to a business did not provide any improvement in technology was titled
Answers
Answer:
The Productivity Paradox of Information Technology: Review and Assessment.
which is better Financial manager or accountant?
Answers
Answer:
Financial manager is better
Explanation:
A financial manager is a position that is higher than an accountant, even when many financial managers are accountants themselves.
Usually, financial managers are in charge of the finances of a whole department of an organization, while accountants (the job position, not the profession) usually have less responsability.
For these reasons, financial managers tend to earn more, and face more challeging professional work.
long-term care insurance is used to pay for a stay in a nursing home but not for help at home. t/f
Answers
The answer is True, long-term care insurance is primarily designed to cover the costs of care in a nursing home or an assisted living facility.
What may it cover?It may also cover other types of care, such as hospice care or home health care, but these services are often limited. Most long-term care policies do not cover the costs of hiring a home health aide to provide assistance with daily activities, such as bathing, dressing, and eating.
This means that if you need help at home, you will need to pay for these services out of pocket or rely on other sources of funding, such as Medicaid or personal savings.
It is important to review the terms and conditions of your long-term care policy carefully to understand what is covered and what is not.
Hence, its true.
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Which of these investments is not a function of the production department?
a) increasing automation
b) wage increases
c) creating new
d) production lines
Answers
Which of these investments is not a function of the production department: wage increases.
Does wage increase with productivity?They discover that for average remuneration, a one percentage point increase in productivity growth corresponds to a 0.74 percentage point rise in compensation growth. Similar to median compensation, their estimate deviates from one by a statistically significant amount but not from zero.Prices increase when salaries grow faster than labor productivity while prices decrease when wages grow slower than productivity.Inflation is brought on by wage increases since doing business becomes more expensive as wages rise. Companies must raise the prices for their products and services to offset the cost increase and keep their profitability at the same level.Five tons of labor are produced per hour. Physical productivity growth drives up the value of labor, which in turn drives up to pay.Which of these investments is not a function of the production department: wage increases.
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The supply chain determines a substantial portion of product
cost and quality. Discuss.\ 1000 WORD MINIMUM
Answers
The supply chain plays a significant role in determining both the cost and quality of a product. It affects the sourcing of raw materials, production processes, transportation, inventory management, and distribution, all of which directly impact the final cost and quality of the product.
The supply chain is responsible for managing the flow of materials, information, and resources from suppliers to manufacturers and ultimately to customers. It encompasses various stages, including procurement, production, logistics, and distribution. Each stage within the supply chain has a direct impact on the cost and quality of the final product.
Cost: The supply chain influences product cost through factors such as sourcing and procurement decisions, production efficiency, transportation costs, and inventory management practices. Efficient supply chain management can help reduce costs by optimizing processes, minimizing waste, negotiating favorable supplier contracts, and implementing effective inventory control systems.
Quality: The supply chain also plays a crucial role in determining product quality. It involves selecting reliable and reputable suppliers who provide high-quality raw materials or components. Additionally, effective quality control measures throughout the production and distribution processes ensure that the final product meets the desired specifications and customer expectations.
By effectively managing the supply chain, companies can achieve cost savings, improve product quality, and enhance overall customer satisfaction. A well-designed and efficiently operated supply chain enables companies to streamline processes, minimize disruptions, optimize resource utilization, and deliver products of consistent quality at competitive prices.
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Inflation generally means
a)all of these
b)things will cost less
c)things may cost more or less or same
d)that things will cost more
Answers
Answer:
D things will cost more
Sam's big bites, an american chain of burger stands, operates on all military bases in the united states. the agreement between sam's big bites and the department of defense is a(n)_________.
Answers
A strategic alliance has been formed between Sam's Big Bites and the Department of Defense.
What is a strategic alliance?
Alliances and partnerships are a crucial component of business strategies for both large and small firms. Although many alliances start out with lofty goals and ambitions, not all of them end up being strategic.
An agreement between two or more parties to achieve a list of necessary agreed-upon objectives while maintaining autonomous organizations is known as a strategic alliance (sometimes called a strategic partnership).
The alliance is a cooperative or synergistic effort in which each member anticipates that the benefits of the alliance will outweigh the results of their separate efforts. Technology transfer (access to knowledge and skills), economic specialization, and alliances are frequently involved.
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how would the salvage value be treated in a net present value calculation?multiple choicedisregard the salvageas a positive cash flow in the final year that the asset is usedas a negative cash flow in the final year that the asset is usedas a negative cash flow in the first year that the asset is used
Answers
The salvage value should be included as a positive cash flow in the final year that the asset is used in a net present value calculation.
Salvage value is the estimated value of an asset at the end of its useful life. In a net present value calculation, the salvage value represents a cash inflow that occurs at the end of the asset's useful life. This cash inflow should be included in the calculation because it represents a return on the initial investment in the asset.
Therefore, option A - "disregard the salvage" - is not the correct choice. Option B - "as a positive cash flow in the final year that the asset is used" - is the correct choice. Option C - "as a negative cash flow in the first year that the asset is used" - is not accurate because the salvage value does not represent a cash outflow in the first year of the asset's use.
In a net present value calculation, the salvage value represents the estimated residual value of an asset at the end of its useful life. It is treated as a positive cash flow in the final year of the asset's use, as it is the amount received when disposing of or selling the asset. This positive cash flow helps to offset the initial investment and any ongoing costs associated with the asset throughout its useful life.
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The salvage value is an important factor to consider in a net present value calculation as it represents the estimated value of an asset at the end of its useful life.
The salvage value is typically treated as a positive cash flow in the final year that the asset is used since it represents the cash inflow that would be received from selling the asset at the end of its useful life. This cash inflow is then discounted back to its present value using the required rate of return to determine its net present value.
Therefore, the correct answer to this question is to disregard the salvage as a positive cash flow in the final year that the asset is used. It should not be treated as a negative cash flow in the first or final year that the asset is used since it represents a cash inflow rather than a cash outflow.
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When the Fed decreases the interest rate paid on reserves, it:
Answers
When the Fed decreases the interest rate paid on reserves, it will increase the interest rate.
What is federal reserve?This are stores of wealth or money that is owned by federal government.
The reserve helps to measure how well an economy is doing.
When the reserve is low the rate of interest paid is high to cover up for further spendings.
Therefore, When the Fed decreases the interest rate paid on reserves, it will increase the interest rate.
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Advise someone on the implications of CPA on businesses
Answers
Answer:
Impact of the CPA on businesses
The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.
Explanation:
Hope it helps! Correct me if I am wrong :>
What are the three main economic goals of the federal government?
Answers
The objectives of economic policy. The federal government works to achieve three policy objectives in order to maintain a robust economy: stable pricing, full employment, and economic growth. The federal government has additional objectives to ensure sound economy policy in addition to these three policy goals.
The US federal governments used the federal budget to fund or finance its numerous expenses, such as paying the salaries of federal employees, purchasing military equipment, and distributing agricultural subsidies.
The federal government's fiscal year begins on October 1 and concludes on September 30 of the subsequent year.
Tax revenues provide funding for the federal government of the United States. The following are the taxes that are collected:
1. Family earnings
2. Customs fees
3. Tariff.
4. Business revenue
The government levies taxes on a variety of activities, such as: smoking cigarettes; drinking alcohol; and buying gasoline.
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_____ encompasses loyalty and a deep concern for an organization's welfare.
Answers
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
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Why should you complete the Free Application for Federal Student Aid (FAFSA)?
A: To eliminate a semester of college requirements
B: To find the lowest interest rates on student loans
C: To get information on the schools you are interested in
D:To identify what grant programs you qualify for
Answers
Answer:
D
Explanation:
FASFA get that money baby.
You should complete the Free Application for Federal Student Aid to identify what grant programs you qualify for. The appropriate response is option D.
What is Free Application for Federal Student Aid ?The procedure for applying for financial aid begins with the Free Application for Federal Student Aid (FAFSA). Fill out the online form. You use it to submit applications for federal student aid, including grants, loans, and work-study programs. Additionally, the majority of states and universities give non-federal aid using data from the FAFSA.
A student must have economic need, be enrolled in a diploma or certificate program at a college or university, be a U.S. citizen, or be an eligible noncitizen to be eligible for the FAFSA.
Additional conditions for federal eligibility include having a valid Social Security number, continuing to perform satisfactorily in school, and earning a high school diploma, among others.
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case studies ihn business management
Answers
Explanation: Business management is when you manage a business and also process the amount of people or state down the amount of people and see the jobs to fix or make it better and make the job better for you and the workers and your environment.
wilson electric reports income tax expense of $151,000. income tax payable at the beginning and end of the year are $20,200 and $25,300, respectively. what is the cash paid for income taxes during the year?
Answers
according to the question $104,700 is the cash paid for income taxes during the year.
Why is there an income tax?An individual must pay the individual income tax, sometimes known as the personal income tax, on all of their annual income, including wages, wages, dividends, interests, and other types of income. The state where the income is derived often levies the tax.
How is income tax such a big deal?Taxes are used by the government to pay for a range of social welfare, including measures to create jobs. The government is responsible for covering the administrative expenses for the different departments' thousands of employees.
Briefing:cash paid = income tax expense - (income tax payable at the beginning + end of the year)
= $151,000 - ($20,200 + $25,300)
= $105,500
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Match the following Teamwork Skills to their descriptions
1.
Cooperative
2.
Participates
3.
Flexible
4.
Committed
5.
Shares Openly
a.
You are willing to share ideas and knowledge
b.
You are involved in activities
c.
Works well with others
d.
You adapt to others' ideas
e.
You are responsible and dedicated
Answers
Answer:
See below
Explanation:
1. Cooperative
Works well with others: A cooperative person fits into teams easily. They willingly undertake tasks and requires no ''pushing'' to fulfill their obligations.
2. Participates
You are involved in activities. It is getting involved in events, functions, or processes as opposed to spectating.
3. Flexible
You adapt to others' ideas. A flexible person accepts and implements other people's ideas. They are not rigid and can work in different environments.
4. Committed
You are responsible and dedicated. A committed individual shows enthusiasm and willingness to achieve the set goals
5. Shares Openly
You are willing to share ideas and knowledge. One is not shy or mean in expressing their ideas and feeling with team members or third parties.
5. What are self-management skills?
O personal skills that help you learn how to take care of yourself and develop a growing independence.
O a good idea but not necessary in everyday life.
O skills developed to help you analyze abstract ideas.
the concrete ability to analyze information and solve problems.
Answers
Answer:
O personal skills that help you learn how to take care of yourself and develop a growing independence.
Olivia Lamb wants to determine the average amount she spends on clothing each month. In June she spent $435.67. In July she spent $56.78. In August she spent $99.78. What is the average monthly amount she spent?
Answers
Answer:
the average monthly amount spent is $197.41
Explanation:
The computation of the average monthly amount spent is shown below;
= Total amount ÷ number of months
= ($435.67 + $56.78 + $99.78) ÷ (3 months)
= $197.41
Hence, the average monthly amount spent is $197.41
We simply applied the above formula so that the correct value could come
And, the same is to be considered also it is relevant
Businesses use firewalls to protect their networks from internal threats.
O True
False
Answers
Correct on ED2022
3 Prepare an income statement for Jones Co. for the year ending December 31, 2018, using the following data.
Cash 8,000
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Fees Earned 11,000
Office Expense 200
Accounts Payable 3,000
Answers
The net income for Jones Co in 2018 equals $18,350.
What is income statement?The financial statement shows a company's revenues, expenses and profitability over a period of time. Its computes the revenue from selling products or services and expenses to generate the revenue and manage your business.
The income statement for the year ending December 31, 2018 is prepared as follows:
Income Statement
Revenue
Cash 8,000
Fees Earned 11,000
19,000
Expenses
Miscellaneous Expense 100
Wages Expense 150
Rent Expense 200
Office Expense 200 650
Net Income $18,350
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What was the original name of the restaurant chain now known as boston market? boston ham.
Answers
The original name of the restaurant chain now known as Boston market was Boston Chicken.
Boston Market, formerly known as Boston Chicken was set up in 1984 in Newton, Massachusetts in order to supply rotisserie chicken. The rotisserie chicken was a specialty of Boston Chicken.
The Boston market was referred to by the name of Boston Chicken till 1995. After this year, Boston chicken expanded its product list by including different varieties such as sandwiches, turkey etc. It then changed its name to the Boston market due to the expanded range of products.
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portfolio a has an expected return of 17 percent and a standard deviation of 5 percent. portfolio b has an expected return of 15 percent and a standard deviation of 5 percent. which portfolio would a rational investor choose?
Answers
Between portfolio A which has an expected return of 17 percent and a standard deviation of 5 percent and portfolio B which has an expected return of 15 percent and a standard deviation of 5 percent, a rational investor should chose portfolio A.
In order to determine which portfolio a rational investor would choose, we must first understand what expected return and standard deviation are. The expected return of a portfolio is the return that an investor anticipates receiving based on the returns of the underlying assets in the portfolio.
Standard deviation, on the other hand, measures the amount of risk associated with the portfolio.The formula for calculating expected return is as follows:
Expected return = (Weight of Asset 1 x Expected Return of Asset 1) + (Weight of Asset 2 x Expected Return of Asset 2) + ... + (Weight of Asset N x Expected Return of Asset N)
In the formula above, "Weight of Asset" represents the percentage of the portfolio that is allocated to that particular asset, while "Expected Return of Asset" represents the anticipated return of that particular asset. In this case, we are given the expected return and standard deviation for each of the two portfolios.
Portfolio A has an expected return of 17 percent and a standard deviation of 5 percent, while Portfolio B has an expected return of 15 percent and a standard deviation of 5 percent.
Since both portfolios have the same standard deviation, the rational investor would choose the portfolio with the higher expected return. In this case, Portfolio A has the higher expected return of 17 percent, which is greater than Portfolio B's expected return of 15 percent. Therefore, a rational investor would choose Portfolio A.
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What information does a person need to know before renting an apartment?
O The salaries earned by the building employees.
O If electricity is included in the rent of the apartment.
O The property taxes on the building that are paid by the owner.
o If the apartment building has a mortgage.
Answers
Answer:2
Explanation:
2
5 basic needs of individuals
Answers
What might you need to do to renew your credentials?
submit paperwork
fill out an application
attend a meeting
retake exams
start your education over
Answers
Answer:
submit paperwork, fill out an application, and retake exams
Explanation:
trust me
Answer:
<3
Explanation:
Martin Company currently produces and sells 35,000 units of product at a selling price of $13. The product has variable costs of $7 per unit and fixed costs of $45,000. The company currently earns a total contribution margin of:
Answers
Answer:
The company currently earns a total contribution margin of $ 20
zhang company reported cost of goods sold of $852,000, beginning inventory of $40,600 and ending inventory of $48,000. the average inventory amount is: multiple choice $40,600. $48,000. $88,600. $7,400. $44,300.
Answers
The average inventory amount for Zhang Company is $44,300.
To calculate the average inventory amount, we need to take the average of the beginning and ending inventory. The formula is:
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Plugging in the given values:
Average Inventory = ($40,600 + $48,000) / 2 = $44,300
Therefore, the average inventory amount for Zhang Company is $44,300. This represents the average value of inventory held during the specified period and is used in various financial calculations, such as inventory turnover ratio and cost of goods sold calculation.
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what is a form in computer?
Answers
In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.
Explain why the bank has asked to see your business financial records?
Answers
Answer:
They might be looking for a higher level of comfort as the loan exposure grows,
Explanation: None
The argument took place between-----
Answers
Answer:
?
Explanation: