Marginal benefit is the benefit ________ one more unit of the good and ________ of the good increases.
A) of producing; increases as production
B) of producing; decreases as production
C) from consuming; increases as consumption
D) from consuming; decreases as consumption
Question 2
The prediction by the American Medical Association of a shortage of physicians by the year 2020 assumes
A) physicians' fees will not rise to a market clearing level.
B) physicians' services will be free goods.
C) physicians' services will no longer be scarce.
D) physicians will be willing to work for less income.
Unit of blood.
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