An unhealthy person would likely choose a medical insurance policy with a
a. low premium and a high deductible.
b. high premium and a high deductible.
c. high premium and no deductible.
d. The unhealthy person would choose not to be insured.
c
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This month, the local widget factory produced 100 widgets. The total variable cost of production was $500 and the average total cost of production was $8
a. What is the total cost? b. What is the total fixed cost? c. What is the average fixed cost? d. What is the average variable cost?
In a competitive equilibrium all these relationships hold but one. Which one?
A) Nd=Ns B) Y=G+C C) G=T D) w=z
Which of the following goods is produced in a monopolistic competitive market?
a. Casual dining restaurants b. Electricity c. Apples d. Oil
Andi uses all of her income to purchase books and games. At any two points A and B on Andi's budget constraint,
a. Andi is spending all of her income on books and games. b. Andi is spending one half of her income on books and the other half of her income on games. c. the price of books relative to the price of games is different. d. All of the above are correct.