If the nominal interest rate is 6% and the inflation rate is 3%, the real interest rate is

The United Kingdom has a health care system under which the government owns most of the hospitals and employs most of the doctors

Indicate whether the statement is true or false

Refer to Table 13-3. What are the profit-maximizing/loss-minimizing output level and price?

A) Q = 0 (firm should not produce) B) Q = 3; P = $18 C) Q = 4; P = $17 D) Q = 5; P = $16