Which of the following would increase the supply of physicians?
a. Increasing the cost of attending medical school.
b. More scholarships and grants to cover medical school tuition.
c. Increasing the medical school entrance requirements to include 15 hours of economics.
d. Making it easier for plaintiffs to prove medical malpractice claims.
e. Paying medical schools to eliminate residency opportunities in some specialties.
B
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In the Solow growth model, the law of motion of capital takes into account
A) the residential nature of houses. B) the mobility of capital. C) the depreciation of old capital. D) the cost of shipping and installing capital.
Refer to Scenario 12.2. Suppose that the marginal cost falls such that:
MC = Q - 10 What is the profit maximizing level of output? A) 171.43 B) 120 C) 150 D) all of the above E) none of the above