Of the following, which has most likely contributed the most to the rapid rise in health care costs in the United States?
A) the cost of malpractice insurance B) the cost of malpractice lawsuit settlements
C) the cost to treat uninsured patients D) slow growth in labor productivity in health care
D
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The table shows Elaine's utility from pizza and Pepsi. If Elaine consumes 2 slices of pizza and 3 Pepsis, her marginal utility from the fourth Pepsi is ________ units
A) 60 B) 54 C) 40 D) 220
Juanita goes to the Hardware Emporium to buy a new circular saw. She is willing to pay $120 for a new saw, but buys one on sale for $85. Juanita's consumer surplus from the purchase is
A) $35. B) $85. C) $120. D) $205.
Why does a monopoly firm not have a supply curve?
What will be an ideal response?
Which of the following is an alternative to patents that still encourages research?
A) the government funding research by firms B) offering a prize for discovery C) government grants to universities D) All of the above.