From 2010 to 2015, the Affordable Care Act
A. reduced the percentage of uninsured from 9.4 percent to nearly 0 percent.
B. increased the percentage of uninsured from 9.4 percent to 16 percent.
C. left the percentage of uninsured unchanged at 9.4 percent.
D. reduced the percentage of uninsured from 16 percent to 9.4 percent.
Answer: D
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Given that MEC(q) = 2q2, what can be inferred about the total cost of pollution as output increases?
A) The total cost of pollution is increasing. B) The total cost of pollution is positive. C) The total cost of pollution is growing at a positive rate. D) The total cost of pollution is growing at an increasing rate. E) The total cost of pollution is changing.
In the above figure, the opportunity cost of moving from point D to point E is
A) 75 guitars. B) 55 guitars. C) 100 ukuleles. D) 100 guitars.
Along the elastic portion of a demand curve, the
A. change in price will always be greater than the change in quantity demanded. B. percentage change in quantity demanded will be less than the percentage change in price. C. change in price will always be less than the change in quantity demanded. D. percentage change in price will be less than the percentage change in quantity demanded.
If managers increase the size of the order they place, the ordering cost ________ and the carrying cost ________.
A) rises; rises B) rises; falls C) falls; rises D) falls; falls