A local charity has decided to solicit donations door-to-door. The table below shows estimated donations for each hour a volunteer spends in the city, in the suburbs, and on campus.
Given the above information, and given an optimizing solution, the fourth hour solicited yielded
A. $239 in additional donations.
B. $ 64 in additional donations.
C. $ 68 in additional donations.
D. $279 in additional donations.
Answer: B
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A cancer patient is told he needs chemotherapy in order to live three more years at best, but the patient's final three years will be filled with all the terrible side-effects of the treatment
Without it, he will surely die within a year, but his quality of life would be a better. Suppose he chooses to quit chemotherapy and instead he spends his time learning to play the cello, something he always wanted to learn. The economic way of thinking suggests A) others should consider playing the cello while they are still young and healthy. B) the doctors were absolutely right—the patient needs chemotherapy. C) the patient considers playing the cello a substitute for chemotherapy. D) the patient has clearly given up his will to live.
Refer to the above figure. The long-run average cost curve and the long-run marginal cost curves represent
A) the cost curves for a competitive firm. B) the cost curves for a natural monopoly. C) a situation where a firm has control over the raw materials. D) a situation where a firm has a patent.
Currently, about ________ of all health care spending is paid by individuals
A) 60 percent. B) 35 percent. C) 15 percent. D) 5 percent.
The biggest weapon of the Federal Trade Commission (FTC) is the "threat" of antitrust action, not action itself
Indicate whether the statement is true or false