The figure above shows the market for annual influenza immunizations the United States. If there is NO external benefit from health care and the government does not intervene in the market, then the equilibrium price of immunizations is

A) $30.
B) $20.
C) $40.
D) $60.
E) $70.

A

Economics

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Wally, Vijay, Sandra, and Consuela make up a software development team at Javasoft. The firm is considering implementing one of two incentive compensation schemes

In scheme A, each programmer receives an annual bonus if he or she meets all individual programming deadlines. In scheme B, members of the team share equally in a joint bonus if the team meets all of its product delivery deadlines. All four employees are equally talented but Wally is a slacker who does as little work as he can get away with. Which scheme might team members prefer? Which scheme will management prefer?

Economics

According to the Monetarists, average inflation is higher today than it was a hundred years ago because of

a. the lack of fiscal responsibility. b. the increased use of stabilization policy. c. high interest rates, which increase the cost of borrowing. d. unstable investment demand. e. unstable money demand.

Economics