Dit document Macro Economie Meerkeuzevragen MyLab Economics bevat meerkeuzevragen van H2 tem H13 en H17 tem H20, die op MyLab Economics beschikbaar zijn. Deze meerkeuzevragen zijn normaal gezien enkel beschikbaar indien je een nieuw boek koopt MET code. Met behulp van dit document kan je de meerkeu...
VRAAG 1
Hedonic pricing
Hedonic pricing offers a method to compare the quality-adjusted increase in prices.
a. Consider the case of a routine medical checkup. Which of the following is a reason why you might
want to use hedonic pricing in order to measure the change in the price of this service?
A.Pharmaceutical companies encourage doctors to prescribe drugs patients don't really need.
B.Some doctors had to pay higher tuition than others to go to medical school.
C.Checkups may now include better technology than they did in the past.
D.Doctors try to impress patients with their credentials, but they don't necessarily know more than the
average person.
Now consider the case of a medical checkup for a pregnant woman. Suppose that a new ultrasound
method is introduced. In the first year that this method is available, half of doctors offer the new
method, and half offer the old method. A checkup using the new method costs 10% more than a
checkup using the old method.
b. The new method represents
▼
a ten percent quality increase
more than a ten percent quality increase
less than a ten percent quality increase
no change in quality
over the old method. (Hint: Consider the fact that some women choose to see a doctor offering the
new method, when they could have chosen to see a doctor offering the old method.)
Now, in addition, suppose that in the first year the new ultrasound method is available, the price of
checkups using the new method is 15% higher than the price of checkups in the previous year (when
everyone used the oldmethod.)
c. Given the information above, we can conclude that
▼
fifteen percent
ten percent
twenty percent
five percent
zero percent
of the higher price for checkups using the new method (as compared to checkups in the previous
year) reflects a true price increase of checkups and
▼
fifteen percent
five percent
zero percent
twenty percent
ten percent
represents a quality increase.
2
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