Possible Janus Quiz Questions
1. Ariel cites an old saying in his chapter on ownership. "One man's ceiling is another man's floor. " Explain in detail how this saying applies to getting tickets to a Duke basketball game. What is Ariel\s solution to the problem of ownership? Do you agree?
2. Wheelan asks the question, "How much information is too much?" What is the answer and why does Wheelan think that will become one of the most "nettlesome policy problems" in health care over the coming years?
3. In chapter 11, when you look at Figure 11-2b, at what level should the earrings company be producing? Why?
4. Both the short-run and long-run average total cost curves are U-shaped. However, the reasons for those shapes are quite different. Explain.
1. Ariel cites an old saying in his chapter on ownership. "One man's ceiling is another man's floor. " Explain in detail how this saying applies to getting tickets to a Duke basketball game. What is Ariel\s solution to the problem of ownership? Do you agree?
2. Wheelan asks the question, "How much information is too much?" What is the answer and why does Wheelan think that will become one of the most "nettlesome policy problems" in health care over the coming years?
3. In chapter 11, when you look at Figure 11-2b, at what level should the earrings company be producing? Why?
4. Both the short-run and long-run average total cost curves are U-shaped. However, the reasons for those shapes are quite different. Explain.
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