An increase in the number of people in the United States with health insurance could cause the cost of providing health care services to increase as the incentive for health care providers to minimize costs decreases

Which of the following correctly identifies the difference between the demand for labor and the demand for final goods?

A) The demand for labor is fixed over time, whereas the demand for final goods changes according to changes in tastes and preferences. B) The demand for final goods is fixed over time, whereas the demand for labor changes according to the changes in tastes and preferences. C) The demand for final goods is derived from the demand for labor, whereas the demand for labor is independent of the demand for final goods. D) The demand for labor is derived from the demand for final goods, whereas the demand for final goods is independent of the demand for labor.

For a perfectly competitive firm, at the profit-maximizing output average revenue equals marginal cost

Indicate whether the statement is true or false