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 95 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
Great answer, keep it coming :)

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

The nurse needs to note the source of the patient health history The nurse needs to note the source of the patient health history
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Mental Health in the U.S: Survery Results Mental Health in the U.S: Survery Results
Advantages and Disadvantages of Managed Care Advantages and Disadvantages of Managed Care
Fiber Has Many Health Benefits Fiber Has Many Health Benefits
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: What is Cholesterols? Introduction to Lipoproteins

For a complete list of videos, visit our video library