Hospitals typically include all their sunk costs when deciding ...

[pragya sharda]

Hospitals typically include all their sunk costs when deciding how much it costs them to provide services because
 
  A) each patient benefits from the hospital's being adequately equipped.
  B) hospital administrators have no incentive to be efficient.
  C) no hospital could continue operating if it wasn't able to cover its sunk costs.
  D) the payments they receive are largely based on what they say are their costs.
  E) they are non-profit institutions and hence are in general poorly managed.

Question 2

How does increasing wealth raise the cost of doing everything? By
 
  A) bidding up the prices of labor-saving devices.
  B) increasing the time required to earn and manage the wealth.
  C) increasing the value of available alternatives.
  D) raising the cost of hiring servants.
  E) raising the rate of inflation.

[billybob123]

Answer to Question 1

D

Answer to Question 2

C

[pragya sharda]

Thank you

[billybob123]

Happy to help you