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 273 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
Gracias!

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Documenting the health history is a crucial step in providing patient care Documenting the health history is a crucial step in providing patient care
Home Health Nurse. Home Health Nurse.
Health History Assessment Questions Pertinent to Drug Administration Health History Assessment Questions Pertinent to Drug Administration
Hospice care is based on the belief that when death is inevitable, professional caregivers should ... Hospice care is based on the belief that when death is inevitable, professional caregivers should ...
An example of the sometimes drastic differences in placarding regulations in the United States ... An example of the sometimes drastic differences in placarding regulations in the United States ...
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Video: Neural Reflex Arc Animation

For a complete list of videos, visit our video library