Ph produces many electronics products for the usa, europe, and the uk. the plugs required for each of these geographical areas are different, so originally ph had produced three different versions of each product. recently, they decided to create one version, and then ship these with three different plugs (i. e., of which two are redundant for the customer). the demands for a particular item for each market are normally distributed with the following parameters: usa – average of 10,000 with a standard deviation of 1,000, europe – average of 5,000 with a standard deviation of 1,000, and the uk – average of 5,000 with a standard deviation of 500. if ph wants a 90% service level, then how much should their safety stock be according to the new system with one version?

a: approximately 1,900

b: approximately 2,500

c: approximately 3,200

d: approximately 5,750

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

Which law would encourage more people to become homeowners but not encourage risky loans that could end in foreclosure? options: offering first time homebuyers tax-free accounts to save for down payments requiring all mortgages to be more affordable, interest-only loans outlawing home inspections and appraisals by mortgage companies limiting rent increases to less than 2% a year

Which of the following is not an example of one of the four mail advantages of prices on a free market economy