Scans of internal organs using magnetic resonance imaging (MRI) devices are often covered by subsidized health insurance programs such as Medicare. Consider the following table illustrating hypothetical quantities of individual MRI testing procedures demanded and supplied at various prices, and then answer the questions that follow. Price Quantity Demanded Quantity Supplied$100 100,000 40,000$300 90,000 60,000$500 80,000 80,000$700 70,000 100,000$900 60,000 120,000a. 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 participants can purchase MRI tests at an effective price (that is, out-of-pocket cost) to the individual of $100 per test. How many MRI tests will people consume?c. What is the per-unit price that induces producers to provide the number 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?

What is the proper adjusted cash balance per bank? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per bank $enter a dollar amount rounded to 2 decimal places (b) what is the proper adjusted cash balance per books? (round answers to 2 decimal places, e.g. 52.75.) the proper adjusted cash balance per books

Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, , where n represents the number of firms in a market. assume that the initial size of the u.s. and the european automobile markets are 300 million and 533 million people, respectively.a. calculate the equilibrium number of firms in the u.s. and european automobile markets without trade.b. what is the equilibrium price of automobiles in the united states and europe if the automobile industry is closed to foreign trade? c. now suppose that the united states decides on free trade in automobiles with europe. the trade agreement with the europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the united states. how many automobile firms will there be in the united states and europe combined? what will be the new equilibrium price of automobiles? d. why are prices in the united states different in (c) and (b)? are consumers better off with free trade? in what ways?

One cost-of-living indicator available on the internet shows that a salary of $40,000 in santa barbara, california, is equivalent to $14,000 in wichita, kansas. this is primarily because of housing, which is much less expensive in wichita. what does this difference say about how the federal government calculates poverty?