An organization that converts inputs (like Labor, Capital etc.) into output can be a
A) firm.
B) sole proprietorship.
C) corporation.
D) All of the above.
D
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Refer to the Article Summary. The article discusses the rising administrative costs of health care
Even if private insurance companies were more efficient and brought administrative costs down, consumers would still pay less than the full cost of medical treatment. This would result in the market equilibrium price of medical services being ________ than the efficient equilibrium price, and the market equilibrium quantity of medical services being ________ than the efficient equilibrium quantity. A) less; less B) greater; less C) less; greater D) greater; greater
In the above figure, the Nash product is
A) 20. B) 40. C) 100. D) 400.
Which person is most likely to be poor? A person who is
A. over 65 years of age. B. black. C. white and under 6 years of age. D. living in a female-heading family with children under 18.
On which of these bonds is the prospect of default least likely?
a. a junk bond b. a bond issued by the state of Arizona c. a bond issued by the federal government d. a bond issued by General Electric Corporation