Jacob’s daily tips this work week were $99, $78, $58, $91, $90, and $68. Is Jacob correct in thinking that the median best represents how much money he makes in daily tips? No, Jacob is not correct. The mean amount he makes is $82. 67 in a day. Yes, Jacob is correct. The mean amount he makes is $81. 67 in a day. No, Jacob is not correct. The median amount he makes is $86. 00 in a day. Yes, Jacob is correct. The median amount he makes is $84. 00 in a day.

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

Select the correct answer. the word intestate means that a person has died with or without a will?

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.