The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200.
If Ava had to pay the entire marginal cost of spending a day in the hospital, then she would choose to stay ________ day(s).
A. 0
B. 2
C. 3
D. 1
Answer: B
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How do changes in the money wage rate affect the LAS and SAS curves? Explain your answer
What will be an ideal response?
If a country has a trade deficit
a. it has positive net exports and positive net capital outflow. b. it has positive net exports and negative net capital outflow. c. it has negative net exports and positive net capital outflow. d. it has negative net exports and negative net capital outflow.
"People are at war with themselves. Part of them says that they want to quit smoking, but another part says they need a cigarette right now. Or part of them says they want to be healthy, and another part says they need to satisfy their cravings for fatty food and sweets." These statements are suggesting that:
A. people have difficulties with self-control. B. needs should be taken seriously, but wants may be frivolous. C. sometimes inalienable rights are more important than people's desires. D. fairness should be considered in evaluating outcomes.
A decrease in the market interest rate will _____
Fill in the blank(s) with the appropriate word(s).