The creation of Medicare and Medicaid in 1965 dealt with ...

[123654777]

The creation of Medicare and Medicaid in 1965 dealt with contemporary public health concerns.
 
  a. True b. False

Question 2

If a firm sets marginal revenue equal to marginal cost, it will make an economic profit.
 
  Indicate whether the statement is true or false

[manuelcastillo]

Answer to Question 1

b

Answer to Question 2

False. When a firm sets MR=MC it maximizes profits but the profit-maximizing level of output might still be negative (the smallest loss possible).

[123654777]

Excellent

[shailee]

Thanks for the timely response, appreciate it