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Author Question: Humana Hospital's price/marginal cost ratio of 2.3 is most likely to decline if A) the number of ... (Read 51 times)

abc

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on: Jul 1, 2018
Humana Hospital's price/marginal cost ratio of 2.3 is most likely to decline if
 
  A) the number of nearby hospitals increases.
  B) the number of nearby hospitals decreases.
  C) the demand curve for hospital services shifts rightward.
  D) the demand curve for hospital services becomes steeper.

Question 2

A small business owner earns 50,000 in revenue annually. The explicit annual costs equal 30,000. The owner could work for someone else and earn 25,000 annually. The owner's business profit is ________ and the economic profit is ________.
 
  A) 20,000; 5,000
  B) 20,000; -5,000
  C) 25,000; -5,000
  D) 45,000; -5,000
Microeconomics ¦ Perloff ¦ 8th Edition
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raili21

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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