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Author Question: The creation of Medicare and Medicaid in 1965 dealt with contemporary public health concerns. a. ... (Read 55 times)

123654777

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on: Jul 1, 2018
The creation of Medicare and Medicaid in 1965 dealt with contemporary public health concerns.
 
  a. True b. False

Question 2

If a firm sets marginal revenue equal to marginal cost, it will make an economic profit.
 
  Indicate whether the statement is true or false


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manuelcastillo

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

False. When a firm sets MR=MC it maximizes profits but the profit-maximizing level of output might still be negative (the smallest loss possible).


123654777

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

aruss1303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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