I need help with a Business question. All explanations and answers will be used to help me learn.
This is an open book, open notes, open internet exam. However, you may not discuss the exam with your classmates or anyone else. Point values are in parenthesis. Each answer should be no more than one page, and typically much shorter.
1.(6) In the olden days (pre-COVID) on most weekdays during the baseball season, professional baseball teams tended to play to less than sell-out crowds. Assuming, as is reasonable, that the demand curve is downward sloping, wouldn’t the baseball teams take in more money by lowering their ticket prices in order to fill up their stadiums? Explain.
2.(6) Suppose that an individual works 40 hours per week with no opportunity for overtime. They also take care of a sick parent. Can we say that his/her time has no value in providing this health care because he/she could not earn more at work? Explain.
3. (6) You work as the health benefits manager for a county government. The county’s employees are unionized and have health insurance through a managed care plan that you manage. The insurance plan requires no copays but does require that subscribers have a referral from a primary care physician to visit a specialist. You are now re-negotiating the union contract and the workers are very opposed to the referral requirement. As the benefits expert for the county, would you be willing to recommend that it abandon the referral requirement in exchange for physician visit copays of, say $30 per visit? Why? (That is, provide a justification for your conclusion based upon the existing research.)
4.(6) Under the Affordable Care Act (ACA), insurers have been shifting from offering PPOs to exclusively offering HMOs on the exchanges. Why?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more