« previous next »

Author Question: Physicians salaries increased substantially over the decade 1995-2005 from an average of 215,000 to ... (Read 11 times)

Mr. Wonderful

  • Hero Member
  • *****
  • Posts: 866
on: Jul 1, 2018
Physicians salaries increased substantially over the decade 1995-2005 from an average of 215,000 to 315,000 . What is the best explanation for this?
 a. Physicians were smarter in 2005 than in 1995.
  b. The supply of physicians has increased.
  c. The supply of physicians has decreased.
  d. The demand for physicians has increased.
  e. The demand for physicians has decreased.

Question 2

Suppose you were to believe that money illusion exists that is as prices and incomes both rise proportionally, people buy more. Which of the following characteristics of demand does that cause you to doubt?
 a. demand functions are downward sloping
  b. demand has a positive vertical intercept
  c. demand has a positive horizontal intercept.
  d. demand functions are homogeneous of degree zero.


jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

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?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Increased risk of trisomy with maternal age. Increased risk of trisomy with maternal age.
In 2005 historian Angela Lakwete used this print as the cover of Inventing the C In 2005 historian Angela Lakwete used this print as the cover of Inventing the C
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Suggested Antibiotic Prophylaxis Regimens in Patients at Potential Increased Risk of Hematogenous ... Suggested Antibiotic Prophylaxis Regimens in Patients at Potential Increased Risk of Hematogenous ...
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library