Was the Patient Protection and Affordable Care Act of 2010 a cost containment program, a national insurance program, or some other type of program? Explain
What will be an ideal response?
The Patient Protection and Affordable Care Act (PPACA) of 2010 was not a cost containment program or a national insurance program, but rather focused on expanding the existing system of private health care insurance through employers and public health care insurance (Medicaid and Medicare).
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The marginal benefit and marginal private cost curves for aphrodisiacs are given as follows:
MB = 200 - Q MPC = Q In addition to private costs, there is a marginal external cost of $10 per unit of output. What is the efficient level of output? A) 0 B) 55 C) 95 D) 100 E) none of the above
An individual's ________ surplus is the area ________ the ________ curve and ________ the ________ up to the quantity ________
A) consumer; above; supply; below; market price, produced. B) producer; above; supply; below; market price, produced. C) consumer; below; demand; above; choke price, purchased. D) producer; below; supply; choke price, below; the producer sells.