Author Question: The health services market differs from many others in that, because of insurance, the consumer ... (Read 47 times)

AEWBW · **on:** Jun 30, 2018

The health services market differs from many others in that, because of insurance, the consumer often pays only a fraction of the direct cost of care.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Marginal product of labor is:
a. the extra output produced by an additional worker, all else unchanged.
b. the extra wage earned by an additional worker, all else unchanged.
c. the total output produced when an extra worker is hired.
d. the total revenue earned when an extra worker is hired.