What effect do international norms have on states?
a. They ensure that states follow strict regulations.
b. They motivate states to behave in certain ways.
c. They have little influence since states increasingly ignore them.
d. They outweigh the power and self-interest of states.
b. They motivate states to behave in certain ways.
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Refer to Table 13-1. What portion of the marginal revenue of the 5th unit is due to the output effect and what portion is due to the price effect?
A) output effect = $1.50; price effect = $2.00 B) output effect = $5.50; price effect = -$2.00 C) output effect = $3.00; price effect = $0.50 D) output effect = $4.00; price effect = -$0.50
Which of the following statements is true concerning DRGs?
a. Soon after their implementation in 1983, the average length of stay in U.S. hospitals fell significantly. b. Hospital operating margins fell dramatically immediately after implementation of the program. c. The system encourages over-treatment of elderly patients. d. The system encourages physicians to over-diagnose. e. Both a and d are true.
The government will have to subsidize a natural monopoly in the long run if regulators choose to pursue:
a. marginal cost pricing b. fair-return pricing. c. per se pricing.
In perfect competition, the marginal revenue curve
A. and the demand curve facing the firm are identical. B. is always below the demand curve facing the firm. C. is always above the demand curve facing the firm. D. intersects the demand curve when marginal revenue is minimized.