Dr. Goldfinger decides to invest in companies which he believes can "improve the productivity and efficiency" of health care services. How can Dr. Goldfinger strive to achieve this productive efficiency?
A) by investing in companies that fairly distribute their products and services
B) by investing in companies that produce goods and services based on consumer preferences
C) by investing in companies that produce up to the point where the marginal benefit of the last unit produced is equal to the marginal cost of producing it
D) by investing in companies that produce goods and services at the lowest possible cost
D
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Which would most likely increase aggregate supply?
A. A decrease in business subsidies B. A decrease in personal income taxes C. An increase in productivity D. An increase in the prices of imported products
Assuming that Yd = $20,000 and C = $22,000, we would find that the average propensity to consume would be equal to
A) 0.8. B) 1.8. C) 1.1. D) 0.9.
Compared to 1955, Americans typically spend ______ of every consumer dollar on services.
A. less B. substantially less C. the same percentage D. more
What is the consumer price index? How is it different from the GDP price index?
What will be an ideal response?