This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about health care is true? a. The demand for health care is ... (Read 36 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
Which of the following statements about health care is true?
 a. The demand for health care is inversely related to price.
 b. The demand for health care is positively related to price.
 c. Healthcare is an inferior good.
 d. Health care and health insurance is only provided by the government in the U.S.
  e. The supply of health care is inversely related to price.

Question 2

Which of the following occurs when a consumer equilibrium has been achieved?
 a. The marginal utility of the last unit purchased is identical for all goods.
 b. The price of the last unit purchased is identical for all goods.
 c. An equal amount of income is spent on all goods purchased.
 d. The ratio of the marginal utility of each good divided by its price is equal across all goods consumed.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pswine

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

d




jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

For a complete list of videos, visit our video library