If the production of a good involves positive externalities, ________.
A) the market price of the good is higher than its optimal price
B) the market price of the good is lower than its optimal price
C) the average cost of production of the good in the long run is zero
D) the variable cost of production of the good is zero
Question 2
The Harvard experiment found the answer to Why is private health insurance so expensive? is:
A) adverse selection - healthier patients don't want expensive coverage.
B) adverse selection - poorer patients want more free health care.
C) adverse selection - Harvard employees wanted more extensive coverage.
D) adverse selection - health care subsidies resulted in unhealthy patients wanting more coverage.
Cognitive behaviour involves problem-solving ability.
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
Negative and positive feedback loops
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Production of ABO blood group antigens
The stress response involves several pathways, which begin with a signaling stimulus