Author Question: Marginal benefit is the benefit ________ one more unit of the good and ________ of the good ... (Read 115 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
Marginal benefit is the benefit ________ one more unit of the good and ________ of the good increases.
 
  A) of producing; increases as production
  B) of producing; decreases as production
  C) from consuming; increases as consumption
  D) from consuming; decreases as consumption

Question 2

The prediction by the American Medical Association of a shortage of physicians by the year 2020 assumes
 
  A) physicians' fees will not rise to a market clearing level.
  B) physicians' services will be free goods.
  C) physicians' services will no longer be scarce.
  D) physicians will be willing to work for less income.



miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library