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Author Question: If medical care is provided free of charge, a. no one utilizes it b. beneficiaries consume it up ... (Read 31 times)

littleanan

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on: Jul 1, 2018
If medical care is provided free of charge,
 a. no one utilizes it
  b. beneficiaries consume it up to the point at which the demand curve intersects the vertical axis
  c. beneficiaries derive no consumer surplus from medical care
  d. beneficiaries consume the same amount they have always consumed
  e. beneficiaries consume it up to the point at which the marginal benefit of the final unit is zero

Question 2

The consumption of goods and services has both a money price and a time price.
 a. True
  b. False


apple

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

A


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littleanan

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Reply #2 on: Jul 1, 2018
Thank you :)


apple

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Reply #3 on: Jul 1, 2018
Happy to help you


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