For this Assignment, you will write a 2–3 page paper. Pick an insurance plan such as Blue Cross/Blue Shield, Prudential, Medicare, and discuss the following:

·                Major developments occurring in the insurance company;

·                Impact and trends regarding healthcare quality, access, technology, and reimbursement;

·                Your concerns about health insurance and what you think the future of health insurance should be.

·                Create a bibliography citing a minimum of three references according to APA format.  

·                Resources can include your text and chapter references, organizational websites, or such resources as the American Medical Association or the American Hospital Association. 

Requirements :

 

APA style, references search via website.

• Posted: 4 years ago
• Due: 01/01/2016
• Budget: $3

 

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For a 12-node serendipity (cubic) element, as illustrated in Fig. P9.12, show that the Jacobian J = J11 is

 

What can you conclude from the requirement J > 0?

sol$

We have (after a lengthy algebra using Maple)

Thus J = J₁₁ > 0 ensures a unique transformation and preservation of the sense of the coordinate system in the master rectangular element, provided a and b are such that

5.5 − 1.125(a + b) − 3.375(b − a) > 0 and 1.0+1.125(a + b) − 3.375(b − a) > 0

The above inequalities place a restriction on the values of a and b. Clearly, for a > 0.666667 and b = 1.333333 (the usual location of the midside nodes), the inequalities are met (i.e., J = 1 > 0). A plot of the Jacobian shows, for example, that J = 0 when (i) a = 0.27777 = 5/18 and (ii) b = 1 and J < 0=”” for=”” a=”0.27777″ and=”” any=”” b=””><>

 

 

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The data at left come from a sample of the overall miles per gallon (MPG) of 2008 sedans priced under $20,000.

Q-4a: Construct a 95% confidence interval estimate for the population mean MPG of 2008 sedans under $20,000. (Round to one decimal place.)

31

27

27

28

28

28

25

25

26

25

33

23

24

 

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ECON400
HW assignment 5 due December 8 in class
Question
1.Pricing of Multiple Products -1

Demand

Product 1

q1=a1-b1*p1+d1*p2

Product 2

q2=a2-b2*p2+d2*p1

Parameters

Values

a1

120

b1

2

d1

1

a2

120

b2

2

d2

1

1.
Find the profit-maximizing prices
(P1, P2) for Product 1 and Product 2 for a multi-product monopoly. Find the
associated monopoly profit.
2.
Find the equilibrium in the market
where Product 1 and Product 2 are sold by two independent firms (Firm 1 and
Firm 2).Find the associated profits ofFirm 1
and Firm 2.
3.
Compare the prices in 1. and 2.
Explain why a monopolist selling two products (Product 1 and Product 2) would charge
a higher or lower price than two independent firms selling these products.
4.
Is it profitable for Firm 1 and Firm
2 to merge to become amulti-product monopoly? Compare
the profits before and after the potential merger. Explain.
5.
Using Excel, draw best-response
functions for firms 1 and 2. Label the axes and the functions plotted. Cut and
paste the figure into the Word file.
Note: you can use an Excel file “Pricing of
Multiple Products” uploaded on Blackboard.
Question
2.Pricing of Multiple Products-2

Demand

Product 1

q1=a1-b1*p1+d1*p2

Product 2

q2=a2-b2*p2+d2*p1

Parameters

Values

a1

120

b1

2

d1

-1

a2

120

b2

2

d2

-1

1.
Find the profit-maximizing prices
(P1, P2) for Product 1 and Product 2 for a multi-product monopoly. Find the
associated monopoly profit.
2.
Find the equilibrium in the market
where Product 1 and Product 2 are sold by two independent firms (Firm 1 and
Firm 2).Find the associated profits ofFirm 1
and Firm 2.
3.
Compare the prices in 1. and 2.
Explain why a monopolist selling two products (Product 1 and Product 2) would charge
a higher or lower price than two independent firms selling these products.
4.
Is it profitable for Firm 1 and Firm
2 to merge to becomemulti-product monopoly? Compare
the profits before and after the potential merger. Explain.
5.
Using Excel, draw best-response
functions for firms 1 and 2. Label the axes and the functions plotted. Cut and
paste the figure into the Word file.
Note: you can use an Excel file “Pricing of
Multiple Products” uploaded on Blackboard.

Question
3. Contest
A manufacturer promises to give a prize to one
of two dealers who wins a sales contest. The value of the prize is V=10 to each
dealer. The dealers compete by spending sales effortxi. The probability of winning is of the
Tullock form: p1(x?,x?)= x?/(x?+x?) and p2(x?,x?)=
x?/(x?+x?). Dealers have the same constant marginal cost of effort, c=1.
1. Write down
firm 1’s expected payoff from participating in the sales contest.
2. Find the
best response of firm 1.
3. Are effort
levels strategic substitutes or complements? Explain.
4. By analogy,
write the best response of firm 2.
5. The firms
are symmetric in all respects. Using the symmetry, find the equilibrium sales
efforts, x? and x?.
6. What is the
extent of rent dissipation (that is, what fraction of the prize value V is
spent in rent-seeking efforts)?
7. Would
dealers choose to participate in the sales contest? What are their expected
equilibrium payoffs from participation in the contest?
8. Sketch the
best-response functions or use Excel to draw them. Mark the Nash equilibrium.

 

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