Humana Hospital's price/marginal cost ratio of 2.3 is most likely to decline if
A) the number of nearby hospitals increases.
B) the number of nearby hospitals decreases.
C) the demand curve for hospital services shifts rightward.
D) the demand curve for hospital services becomes steeper.
A
Economics
You might also like to view...
Dumping occurs when a foreign firm sells its exports at a lower price than it costs to produce them
Indicate whether the statement is true or false
Economics
The diamond-water paradox illustrates the idea that ________ determines what consumers are willing to pay for a particular good
A) total utility B) the real-income effect C) marginal utility D) the substitution effect
Economics