An increase in the demand for orthodontic services leads to
A) an increase in the supply of orthodontists. B) a rise in the rates of dental insurance.
C) lower prices for orthodontic care. D) an increase in the demand for orthodontists.
D
Economics
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The principle of marginal analysis is useful when trying to:
a. find ways to average costs. b. find ways to further income equality. c. make decisions that maximize net gains. d. make either/or decisions.
Economics
When a firm increased its output by one unit, its AC decreased. This implies that
A) MC < AC. B) MC = AC. C) MC < AFC. D) the law of diminishing returns has not yet taken effect.
Economics