In general, the optimal amount of medical care is:
A. enough to stay healthy.
B. the quantity at which the total cost of the care equals its total benefit.
C. as much as one can afford.
D. the quantity at which the marginal cost of the care equals its marginal benefit.
Answer: D
Economics
You might also like to view...
If the government subsidizes the production of a good
A) an efficient outcome for producers occurs. B) overproduction relative to the efficient quantity occurs. C) a deadweight loss is created. D) Both answers B and C are correct.
Economics
A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of
Economics