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 43 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
Great answer, keep it coming :)

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

A nurse prepares a client for anesthesia and surgery. A nurse prepares a client for anesthesia and surgery.
Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i Transurethral resection of the prostate (TURP). As a treatment for BPH, part of the prostate gland i
Valve replacement surgery. Valve replacement surgery.
Mechanisms of Penile Erection and Basis for Pharmacological Treatment of Erectile Dysfunction Mechanisms of Penile Erection and Basis for Pharmacological Treatment of Erectile Dysfunction
Agents Used in the Treatment of Diabetes Mellitus Agents Used in the Treatment of Diabetes Mellitus
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Osteoporosis

For a complete list of videos, visit our video library