The Patient Protection and Affordable Care Act (PPACA) of 2010 is designed to address a wide-ranging set of issues including the following, except:
A. The large portion of health spending supported by government insurance
B. The high and rising cost of health insurance and health-care spending
C. The fact that tens of millions of Americans do not have health insurance
D. The inability of many people with preexisting conditions to obtain health insurance
A. The large portion of health spending supported by government insurance
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The total willingness to pay for public restrooms in a city is given in the table below:
Number of Restrooms Total willingness to pay 1 $208,000 2 $199,000 3 $150,000 4 $85,000 If the marginal cost of building a public restroom is $208,000, how many restrooms will be built? A) 1 B) 2 C) 3 D) 4
Assume a monopolistically competitive firm is earning an economic profit. The marginal revenue from selling an additional unit is $30 and the marginal cost of producing that additional unit is $23 . The firm should
a. change neither its price nor its output level b. reduce its price and increase its output level c. increase its price and reduce its output level d. reduce both its price and its output level e. increase both its price and its output level