People will take better care of their health if there is more health care available.
A. True
B. False
C. Uncertain
C. Uncertain
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In the above table, what is the average variable cost to produce 4 units of output?
If there are a large number of firms in a monopolistically competitive industry
A) long-run profit will be equal to zero. B) the country in which the firms are located can be expected to export the goods they produce. C) there will be barriers to entry that prevent addition firms from entering the industry. D) the firms will converge production on a standardized product. E) there will be a small number of firms that are very large and the rest will be very small.
When Dr. Sandy Roos treats a welfare patient and is paid by the government, the money she receives is part of the ________ category(ies) of government spending
a. income support, Social Security, and welfare b. veterans' benefits c. agriculture and public assistance d. international aid e. educational
A monopolist earns $1,000,000 economic profit in the short run producing 25,000 units of a good. The marginal revenue of the 25,000th unit is $23 and the marginal cost is $30 . What should the monopolist do?
a. raise price and produce less than 25,000 units b. lower price and produce less than 25,000 units c. raise price and produce more than 25,000 units d. lower price and produce more than 25,000 units e. produce more than 25,000 units at the same price