Something that motivates or encourages people to take an action is referred to as a(n)
A) utility.
B) abstract.
C) market.
D) incentive.
D
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In the movie Cast Away, Tom Hanks plays a FedEx efficiency expert stranded on a deserted island. While on the island, he divides his time between catching fish, gathering coconuts, painting, and building a raft
Suppose that these were Mr. Hanks' only activities. Did he face an opportunity cost from pursuing any of these activities? Why or why not?
Using the expenditure approach, GDP equals:
a. C + I + G + (X ? M). b. C + I + G + (X + M). c. C + I ? G + (X ? M). d. C + I + G ? (X ? M).
Refer to the graph shown. The monopolistically competitive firm represented is in:
A. short-run equilibrium because price exceeds average total cost at the profit-maximizing output level. B. both short-run and long-run equilibrium because price equals marginal cost at the profit-maximizing output level. C. long-run equilibrium because economic profits are zero at the profit-maximizing output level. D. both short-run and long-run equilibrium because price exceeds average total cost at the profit-maximizing output level.
Refer to the table shown that depicts a third-party payer market. What is the quantity demanded if a $1 co-pay is established?PriceQuantity DemandedQuantity Supplied$01,2000$1600150$2300300$30450$40600$50750$60900$701,050
A. 300 B. 0 C. 900 D. 600