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

Author Question: Suppose angioplasty and coronary artery bypass graft (CABG) surgery are substitute treatment ... (Read 63 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
Suppose angioplasty and coronary artery bypass graft (CABG) surgery are substitute treatment alternatives for coronary artery disease. What should happen to the equilibrium price and quantity of angioplasty procedures if a new CABG technique is introduced that is less invasive (requiring a 4 inch incision under the breast bone rather than cracking open the patient's rib cage) and requires one-third the recovery period of regular CABG surgery.
 a. Both price and quantity will increase.
  b. Both price and quantity will decrease.
  c. Price will increase and quantity will decrease.
  d. Price will decrease and quantity will increase.
  e. The introduction of a new CABG procedure should have no effect on the price or quantity of angioplasty procedures.

Question 2

Which of the following strategies that a union might pursue would result in the lowest wage rate for its members?
 a. Maximizing the total wage bill
  b. Maximizing employment of its members
  c. Restricting union membership severely
  d. Maximizing the total economic rent obtained by its members


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jliusyl

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

b


itsmyluck

  • Member
  • Posts: 546
Reply 2 on: Jul 1, 2018
Wow, this really help

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Some peritoneal surgery is done laproscopically. Some peritoneal surgery is done laproscopically.
GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp
coronary artery coronary artery
Black and white patients enrolled in Medicare do not receive the same medical treatment, even when ... Black and white patients enrolled in Medicare do not receive the same medical treatment, even when ...
Treatment of Gastroesophageal Reflux Disease (GERD) Treatment of Gastroesophageal Reflux Disease (GERD)
Palpating the femoral artery Palpating the femoral artery
Video: ribosome

For a complete list of videos, visit our video library