Monday
December 9, 2013

# Posts by economyst

Total # Posts: 1,121

Economics
a-1) I agree a-2) I agree, except I would express it here on Jiskha as (p^2)/3 a-3) I get S(p) = (p^2)/36. Check my work. for b-2, shouldnt it be: (p^2)/(3*(w1^.5)*(w2^.5) ??

ECONOMICS - Perfect Competition
Ok, I see where you are going. I saw your answer y^3/8 and went huh?? What you really needed to answer was (y^3)/8. I attribute the problem to it being difficult to express mathematical terms here on the Jiskha site. I said y=f(x)=2x^(1/3). However my re-arranging terms, and g...

ECONOMICS - Perfect Competition
I first looked at your first question, and then I look at your answers. There seems to be a dis-connect. Your answers dont seem to match the questions. Here are my answers a) y=f(x)=2x^(1/3) b) The cost of producing y is equal to the number of number of stones needed times w. ...

Economics
health insurance can be separated into two broad types; public and private. public insurance is insurance provided by a government agency; Medicare and Medicaid are two examples. About everything else is private. So, a private option means people will buy their health insuranc...

Health care
Reasons why the cost of health care raises faster than most everything else includes: 1) aging population. 2) Increasing sophistication of medical equipment, 3) Large number of people with uncompensated care (i.e., people without insurance getting care and not being able to pa...

Econ-expected utility & insurance
I believe what you want do do is calculate John's Expected Utility. Incorporate into the utility function the insurance option. Let x be the number dollars of insurance coverage, each unit of x costs 0.10. So, the expected utility E(U) is as follows. E(U) = .95*(25000000 -...

Economics
That would be my interpretation as well.

university
A Yesser posted this very question yesterday. My response to you and to him is essentially the same: Take a shot, what do you think? Hint: Is an insurance policy a common product that people obtain to avoid financial risks?

Economics
see my previous post to this very question.

Economics
Do a little research, then take a shot, what do you think? Hint: What would an international trader do if he is buying or selling goods in a country with high expected inflation? What if the inflation rate is expected to be both high and uncertain? (e.g., could be 25%, could b...

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