The Congressional Budget Office estimates that ________ of the increase in federal spending on Medicare and Medicaid over the next 75 years will be due to increases in the cost of providing health care

Explain the role of risk and uncertainty in an analysis of the economic behavior of peasant farmers. What kinds of questions does this analysis enable us to answer?

What will be an ideal response?

For all firms, the additional revenue collected from the sale of one additional unit of output is termed:

A. marginal profit. B. average revenue. C. price. D. marginal revenue.