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Author Question: The marginal dollar cost to a patient of visiting a doctor when the patient's bill will be paid ... (Read 43 times)

JMatthes

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on: Jun 29, 2018
The marginal dollar cost to a patient of visiting a doctor when the patient's bill will be paid entirely by insurance is
 
  A) the same as if the patient had no insurance.
  B) the value of the care not received by some other patient who couldn't get an appointment.
  C) zero.
  D) zero only if the patient does not pay the insurance premiums.

Question 2

When the opportunity cost of producing more of a good is increasing, the marginal cost of producing more of the good is
 
  A) decreasing.
  B) constant.
  C) increasing.
  D) More information is needed to answer the question.


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honnalora

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


JMatthes

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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