Part A of Medicare finances hospital care
a. True b. False
a
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Two firms are creating apps with their profits in the payoff matrix below: Firm B? $.99 app$1.99 appFirm A$.99 app($1m, $1m)($100k, $5m)?$1.99 app($6m, $120k)($250k, $250k)Without collusion, what will each firm decide to sell their app for?
A. Firm B sells the app for $.99 while Firm A sells the app for $1.99 B. Both firms will sell the app for $.99 C. Both firms will sell the app for $1.99 D. Firm A sells the app for $.99 while Firm B sells the app for $1.99
Last year, Jack's income was $15,000 and he bought 50 bags of potato chips. This year his income is $18,000 and he buys 55 bags of potato chips. Therefore, Jack's
A) income elasticity of demand for potato chips is 0.52. B) price elasticity of demand for potato chips is 0.52. C) income elasticity of demand for potato chips is 1.66. D) price elasticity of demand for potato chips is 1.66.
Provide a concise statement on the relationship between multinational corporation investment and economic activity in developing countries with respect to: a
the three gaps, (b) comparative advantage, (c) the debt crisis, (d) scale economies, and (e) pattern of consumption.
If the Fed desired to reduce the federal funds rate,
A) it would conduct an open market sale, reducing reserve supply. B) it would conduct an open market purchase, increasing reserve supply. C) it would conduct an open market sale, increasing reserve demand. D) it would conduct an open market purchase, reducing reserve demand.