In the United States, market shortages of human organs are the result of price ceilings.
Answer the following statement true (T) or false (F)
True
The price ceiling of zero dollars per organ limits the supply of organs to only altruistic donors, which is only about one-third of the potential supply and less than the quantity demanded.
You might also like to view...
Explain why a monopsony's marginal cost of labor is greater than the wage rate
What will be an ideal response?
For the Cobb-Douglas utility function with two goods, the sum of the own price elasticities of demand must be:
a. 0. b. -1. c. -2. d. any number between 0 and -4.
Labor (# of employees)Total Output0011025031104160520062307255827592901030011305Assume the table shown is for a hat factory, and shows the total production of hats given various numbers of employees. What is the marginal product of the ninth worker?
A. 15 B. 5 C. 290 D. 10
In Figure 8.10, airline Fly Smart is initially a secure monopoly between two cities X and Y at point M, serving 300 passengers per day at the profit-maximizing price of $300 per ticket. What is Fly Smart's profit per ticket?
A. $200 B. $120 C. $80 D. $0