Altruism describes:
A. a motive for action in which a person's utility is unaffected when another's utility increases.
B. a motive for action in which a person's utility is decreased when another's utility increases.
C. a motive for action in which a person's utility is increased when another's utility increases.
D. a motive for action in which a person's utility becomes negative when another's utility increases.
C. a motive for action in which a person's utility is increased when another's utility increases.
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The United States introduced investment tax credit in 1962 and has continued to offer it till date. This has reduced the volatility of investments in the country
a. True b. False Indicate whether the statement is true or false
The decreasing portion of a firm's long-run average cost curve is attributable to
a. diminishing returns to scale b. increasing marginal cost c. economies of scale d. diseconomies of scale e. constant returns to scale
As third-party payments and government expenditures on healthcare increased following the passage of Medicare and Medicaid,
a. total expenditures on healthcare declined. b. the incentive of consumers to economize on their use of healthcare services increased. c. the incentive of suppliers to provide healthcare services at a low cost increased. d. both the prices of healthcare services and total expenditures on those services increased rapidly.
The accompanying graph depicts demand.
The price elasticity of demand at point C is:
A. 3/4. B. 16/3. C. 3/8. D. 3/16.