If the government subsidizes private insurers, what subsidy will achieve the efficient coverage? The marginal cost of
Question:
If the government subsidizes private insurers, what subsidy will achieve the efficient coverage?
The marginal cost of insurance is a constant $6,000 per family per year. Marginal social benefit from insurance exceeds the willingness and ability to pay by a constant $4,000 per family per year
Transcribed Image Text:
FIGURE 16.2 Problems 7 to 10 D= MB 20 10 30 40 50 60 70 Quantity (millions of families insured) 4. 3. 2. Premium (thousands of dollars per year)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (9 reviews)
To insure 50 million families the insurers total cost equals 6000 per fam...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
If the government subsidizes growers at $4 a pound, what is the quantity produced, the quantity demanded, and the subsidy paid to growers? FIGURE 6.6 12 10 8 4 1 3 4 Quantity (billions of pounds per...
-
If the government subsidizes growers at $4 a pound, who gains and who loses from the subsidy? What is the deadweight loss? Could the subsidy be regarded as being fair?
-
Suppose that the government subsidizes the cost of workers by paying for 25% of the wage (the rate offered by the U.S. government in the late 1970s under the New Jobs Tax Credit program). What effect...
-
Use Figure 5.25 to encode or decode the messages in Problems 3748. Multiply by 4 and add 10. WDVCTWDVGLR JR VCT RZFNTWT KZP.TY.
-
Show that the standard deviation A is 0 when is an eigenfunction of A.
-
Suppose the 2025 financial statements of 3M Company report net sales of $23.1 billion. Accounts receivable (net) are $3.2 billion at the beginning of the year and $3.25 billion at the end of the...
-
Consider the following cash flow profile, and assume MARR is 10 percent/year and the finance rate is 4 percent/year. a. Determine the MIRR for this project. b. Is this project economically...
-
Enterprises, Inc.s principal product is a hammer that carries a lifetime guarantee. Cost and production data for the hammer follow. Direct materials: Anodized steel: 1 kilograms per hammer at $2 per...
-
Cash Receipt Schemes and Other Asset Misappropriations, identify and describe two big data and data analytic techniques each for detecting skimming, cash larceny, and noncash misappropriations.
-
Describe the process of assigning an FC address to a node when logging on to the network for the first time.
-
If the government provides healthcare to achieve the efficient coverage, how many families are covered and how much must taxpayers pay? The marginal cost of insurance is a constant $6,000 per family...
-
If the government gave coverage to everyone what problems would arise in the related market for healthcare services? The marginal cost of insurance is a constant $6,000 per family per year. Marginal...
-
A system has a characteristic equation s 3 + 15s 2 + 2s + 40 = 0. Using the RouthHurwitz criterion, show that the system is unstable.
-
solve this error? I'll attach the instructions, my code, and the error images here. The language is Java. Instructions: Exception in thread "main" java.lang.NullPointerException: Cannot invoke...
-
Explain specifically in detail about the connection between Prospect theory vs Expected Utility and how do they relate in decision making.
-
Your client made a substantial donation to a public charity that exceeded A GIlimits for deductibility purposes in the year the gift was made. What is the bestway to capture this in eMoney so that...
-
A machine can fill 3 jugs with juice in 10 minutes. Each jug contains 1.5 liters of juice. a. How many jugs can be filled in 1 hour?
-
modeled by the equation: Radioactive decay of radio active materials can be log2, A Age where A, is the amount of the material at time t, A, is the original amount and h is the half-life....
-
Smart Information Technology Company has the following cost and net realizable value data at December 31, 2017: Inventory Categories __________ Cost ___________ Net Realizable Value Personal...
-
For the following exercises, find the area of the triangle. Round to the nearest hundredth. 22 50 36
-
A farm grows wheat and produces pork. The marginal cost of producing each of these products increases as more of it is produced. a. Make a graph that illustrates the farms PPF. b. The farm adopts a...
-
A farm grows wheat and produces pork. The marginal cost of producing each of these products increases as more of it is produced. a. Make a graph that illustrates the farms PPF. b. The farm adopts a...
-
A farm grows wheat and produces pork. The marginal cost of producing each of these products increases as more of it is produced. a. Make a graph that illustrates the farms PPF. b. The farm adopts a...
-
Explain for each of the following scenarios whether they are: Tax planning; Tax avoidance; or Tax evasion and why. Michael Brown is the sole director of Brown Pty Ltd. Brown Pty Ltd received...
-
Butler Lumber Company The file Butler - Spring'12.xls contains Exhibit 1 and Exhibit 2 from the case. As Mr. Butler's financial advisor, he has asked you to help him negotiate banking arrangements...
-
Give an explanation- and usean example - ofwhy we may need to convert an Account Receivable to a Note Receivable and why we need to keep track of the days of the notes.
Study smarter with the SolutionInn App