(Consider This) In 2010, the Medicare and Medicaid programs reimbursed approximately what percentage of hospitals' total cost of providing care to the patients covered by those programs?

A. 80 percent.
B. 92 percent.
C. 100 percent.
D. 105 percent.


Answer: B

Economics

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The price per unit times the total quantity sold is

A) average revenue. B) marginal revenue. C) total revenue. D) price revenue.

Economics

This year, Shirts Inc purchased $1,000 worth of silk from the Silky Silkworm Company, $100 worth of buttons from Barney's Buttons, and $200 worth of thread from Tracy's Thread Company. Shirts Inc sold the shirts they produced for $2,000 . As a result of these transactions, how much did Shirts Inc contribute to GDP this year?

a. $700 b. $1,300 c. $2,000 d. $2,700 e. $3,300

Economics

Voting as a mechanism for public choice is associated with a number of problems including

A. majority rule voting can lead to contradictory and inconsistent results. B. disengaged voters with very little incentive to inform themselves of the issues. C. logrolling. D. all of the above.

Economics

Answer the next question based on the following payoff matrix for two oligopolistic firms in which the numbers indicate the profit in millions of dollars for each firm.  Firm A? High PriceLow PriceFirm BHigh priceA = $250A = $325??B = $250B = $200?Low priceA = $200A = $175??B = $325B = $175If the two firms collude to maximize joint profits, the total profits for the two firms will be

A. $525 million. B. $500 million. C. $350 million. D. $400 million.

Economics