Author Question: Average revenue equals the change in total revenue divided by the change in the quantity of output ... (Read 161 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
Average revenue equals the change in total revenue divided by the change in the quantity of output produced.
 a. True
  b. False

Question 2

Which of the following is not related to adverse selection in insurance markets?
 a. An insurance company has no way of distinguishing among applicants
  b. An insurance company must charge a higher price to applicants who are good health risks
  c. The price of insurance is attractive to poor health risks, but not to good ones
  d. The insured group becomes less healthy on average
  e. Because of the relative unhealthiness of the insured group, rates must rise



Expo

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

B

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

For a complete list of videos, visit our video library