The observed variations in practice patterns in different regions of the country are difficult to eliminate
a. because of the many alternative treatment options available for most ailments.
b. due to the localized nature of most medical practice.
c. because it is difficult to change the preferences of physicians and patients.
d. the observed variations are so minor that they are of little concern to policy makers.
e. responses a, b, and c are all true.
E
You might also like to view...
The managers of Movies Plus, a large movie theater, want to practice third-degree price discrimination. The managers have learned that college students have an own price elasticity of demand of 1.75 for tickets at Movies Plus and adults have an own price elasticity of 1.25. If the managers have correctly determined the third-degree profit-maximizing price for adults is $20, what is the
third-degree profit-maximizing price to charge students? A) $12.50 B) $9.33 C) $15.67 D) $18.25
Suppose Country A and Country B are each other's only trading partners. Country A exports more goods and services to Country B than it imports from it. Which of the following statements is true of the given scenario? a. The GDP of Country A will be positively affected by this trade relationship, while the GDP of Country B will be negatively affected by it. b. The GDP of Country A will be
negatively affected by this trade relationship, while the GDP of Country B will be positively affected by it. c. The GDP of both countries will increase as an effect of this trade relationship. d. The GDP of both countries will decrease as an effect of this trade relationship.
If per capita GDP were distributed across the United States, each individual would receive:
A. Their current income divided by the U.S. population. B. The market value of final goods and services produced in the U.S. per year. C. The value of total world output divided by the population. D. The market value of final goods and services produced in the U.S. per year divided by the population.
An economy with production function Y = F(K) = that has 400 units of capital will produce _____ units of output.
A. 1,600 B. 40 C. 400 D. 20