Explain how a firm decides how much in loanable funds it will demand
It maximizes profit by demanding loanable funds up to the quantity where the marginal revenue product of
the last dollar borrowed equals the marginal factor cost of that last dollar borrowed. The marginal factor
cost is the interest rate charged for the last dollar borrowed.
Economics
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One reason the supply and demand model might not be appropriate to the health-care industry?
A) Consumers do not have full information. B) Providers do not know the demand for health-care services. C) Consumers do not know how to value their own health. D) The costs of finding a doctor are too low.
Economics
Even though international trade is undertaken voluntarily, a country that engages in trade may not benefit from it.
Answer the following statement true (T) or false (F)
Economics