This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Why Costs RiseIn the United States, health care costs are paid by a third-party, which results in a ... (Read 274 times)

ncasson210

  • Full Member
  • ***
  • Posts: 148
on: Nov 23, 2022
Why Costs Rise

In the United States, health care costs are paid by a third-party, which results in a higher demand for medical services than with other health care systems. The graph shows the supply curve (S), the demand curve when consumers pay the full price (D1), and the demand curve with a third-party payer system (D2).

Assume that P1=$65.50, P2=$99.00, P3=$120.50, P4=$144.00, Q1=34, and Q2=64. The third-party payer system leads to an ________ (underproduction/overproduction) of medical services by ________ and a ________ (decrease/increase) in the market price by ________.
◦ underproduction, 30, decrease, $55.00
◦ overproduction, 64, decrease, $55.00
◦ overproduction, 30, increase, $21.50
◦ underproduction, 64, increase, $21.50
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ncasson210 on Nov 23, 2022

sadoniam

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


ncasson210

  • Member
  • Posts: 148
Reply 2 on: Nov 23, 2022
Wow, this really help

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Pyruvate oxidation results in three changes to pyruvate: Pyruvate oxidation results in three changes to pyruvate:
Living arrangements of older adults in the United States vary widely depending on gender and ... Living arrangements of older adults in the United States vary widely depending on gender and ...
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
homework help health studies homework help health studies
Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ... Sonja is paid $42.50 per hour as a veterinarian. She is paid 1 times the regular rate for all ...
Results of mixing blood of the same or differing ABO blood types Results of mixing blood of the same or differing ABO blood types
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library