1. Why is it unrealistic for government projections to assume that the quantity of health care services demanded will not increase when Medicare subsidies push down the out-of-pocket prices of people eligible for the program? Yes‚ is it unrealistic that the quantity of health care services demanded will not increase when Medicare subsidies push down the out of pocket prices because Medicare is growing faster than the total employer and employee contribution that in the future it will not be enough
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1. What is operations management and how is different from operations research? Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. The operations management of any organization involves the design‚ operation‚ and improvement of the systems that create and deliver the primary products and services of the organization. From an organizational point of view‚ operations management might be defined as the management
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EGT1 TASK 1 309.1.1-05‚ 06 A. Marginal revenue indicates how much extra revenue a company receives for selling an extra unit of output. 1. Marginal Revenue is the change in total revenue resulting from a change in the quantity of output sold. Expressed as: Marginal Revenue = change in total revenue/change quantity. B. Marginal cost is the overall change in a firms total cost of production resulting from a change in production by one unit. 1. Marginal cost and total cost are
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Chapter 2 Assignment questions and answers 1. A jewelry store makes necklaces and bracelets from gold and platinum. The store has 20 ounces of gold‚ 24 ounces of platinum. Each necklace requires 6 ounces of gold 3 ounces of platinum‚ whereas each bracelet requires 2 ounces of gold and 5 ounces of platinum. The store has to use a minimum of two ounces of gold. The demand for bracelet is no less than three. A necklace earns $375 in profit and a bracelet‚ $225. Formulate a linear programming model
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Optical Distortion Inc. – Questions for Discussion 1. What characteristics of the ODI contact lens are likely to make it appealing or unappealing to different types of chicken farmers? [If desired‚ this question can be rephrased to include a specific reference to literature on diffusion of innovations.] Advantages: reduction in mortality due to cannibalism among chicken from 25% to 4‚5% decrease in egg-production loss (savings on egg-production) savings on feed expenses fast process of installing
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ANSWERS TO END-OF-CHAPTER 16 QUESTIONS 16-1 The U.S. dollar. The primary reason for using the dollar was that it provided a relatively stable benchmark‚ and it was accepted universally for transactions. 16-2 Under the fixed exchange rate system‚ the fluctuations were limited to +1 percent and -1 percent. Under the floating exchange rate system‚ there are no agreed-upon limits. Currently‚ the 12 countries making up the EMU have their national currencies fixed to the euro; however‚ the
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| Read | B. | write | C. | Execute | D. | Read and execute | Answer D _____________________________________________________________________________________ | The control unit of computer A. | Performs ALU operations on the data | B. | Controls the operation of the output devices | C. | Is a device for manually operating the computer | D. | Direct the other unit of computers | Answer D _____________________________________________________________________________________
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BIOLOGY 2020 LAB LAB 4 – Sensory Systems I. Vision 1. Know the types of photoreceptors in the retina. (Remember there are 3 different types of cones) 3 cones i. Blue- short ii. Green- Medium iii. Yellow-Red- Long 2. Why would near point accommodation change as you get older? (Think about what happens to the lens and the muscles of the eye with age) As you get older‚ the lens becomes hardened. The elasticity of the lens decreases dramatically with age‚ resulting in difficulty
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GD421 v12.1 Introduction to ECE 20130683 Kate Muir Short Answer 1 The quality indicators I have chosen to discuss are‚ stable staffing and consistent care-giving‚ a responsive adult and trained staff. I believe these three quality indicators are important for children in early childcare services. Firstly‚ I will address stable staffing and consistent care-giving. Children find comfort in familiarity and routine. They will learn from spontaneous experiences but also need predictability
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QUESTION AND ANSWER ON MARKET SEGMENTATION Salim Brommer is the Marketing Director of Ashkol Furniture Supplies‚ a medium-sized company which specializes in manufacturing office furniture. The company makes its products in India‚ so benefiting from relatively low labour costs. However‚ it has recently experienced intense competition from suppliers who have even lower cost bases. Salim has decided that his company will benefit if he focuses on those customers who can provide higher profit margins
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