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 266 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!

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Phacopid trilobite, Devonian age, Ohio, United States Phacopid trilobite, Devonian age, Ohio, United States
Home Health Nurse. Home Health Nurse.
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
How The Two-Party Presidential Vote is Split How The Two-Party Presidential Vote is Split
Sample Daily Log For Holistic Self-Care Plan. Sample Daily Log For Holistic Self-Care Plan.
Results and interpretation of a mixed copolymer Results and interpretation of a mixed copolymer
Video: Gas exchange - driving force

For a complete list of videos, visit our video library