This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about health care is true? a. The demand for health care is ... (Read 93 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 30, 2018
:D TYSM

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

The tone of the nurse-patient introduction sets the stage for the patient interview and patient care The tone of the nurse-patient introduction sets the stage for the patient interview and patient care
Patients should be encouraged to bring to their health care visit all the substances that they take, Patients should be encouraged to bring to their health care visit all the substances that they take,
Preventive and Primary Care Services Preventive and Primary Care Services
Which of the following statements is true of linkage? Which of the following statements is true of linkage?
Standard Precautions for the Care of all Patients in All Health Care Settings Standard Precautions for the Care of all Patients in All Health Care Settings
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library