Author Question: The marginal dollar cost to a patient of visiting a doctor when the patient's bill will be paid ... (Read 52 times)

JMatthes · **on:** Jun 29, 2018

The marginal dollar cost to a patient of visiting a doctor when the patient's bill will be paid entirely by insurance is

A) the same as if the patient had no insurance.
B) the value of the care not received by some other patient who couldn't get an appointment.
C) zero.
D) zero only if the patient does not pay the insurance premiums.

Question 2

When the opportunity cost of producing more of a good is increasing, the marginal cost of producing more of the good is

A) decreasing.
B) constant.
C) increasing.
D) More information is needed to answer the question.