I
Consider the following table illustrating hypothet-
ical quantities of individual MRI testing procedures
demanded and supplied at various prices, and then
answer the questions that follow.
Quantity
Demanded
Price
Quantity
Supplied
$100
$300
$500
$700
$900
100,000
90,000
80,000
70,000
60,000
40,000
60,000
80,000
100,000
120,000
a. In the absence of a government-subsidized
health plan, what is the equilibrium price of MRI
tests? What is the amount of society's total
spending on MRI tests?
b. Suppose that the government establishes a
health plan guaranteeing that all qualified par-
ticipants can purchase MRI tests at an effective
price (that is, out-of-pocket cost) to the individ-
ual of $100 per test. How many MRI tests will
people consume?
c. What is the per-unit price that induces produc-
ers to provide the amount of MRI tests demanded
at the government-guaranteed price of $100?
What is society's total spending on MRI tests?
d. Under the government's coverage of MRI tests,
what is the per-unit subsidy it provides? What is
the total subsidy that the government pays to
support MRI testing at its guaranteed price?
sion of its State
Answers
Answered by
1
Answer:
number of things that happen one after another and are of the same type or connected
शृंखला (क्रम से घटित होने वाली एक जैसी या संबंधित घटनाएँ), सिलसिला
a series of events a series of events
2.
a number of programmes on radio or television which have the same main characters and each tell a complete story
रेडियो, टीवी पर प्रस्तुत कथा-शृंखला (जिसमें कथा अपने में पूरी होती है और सबके मुख्य पात्र समान होते हैं)
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