<span>The Obama administration's line of thinking was likely to afford transparency with regard to healthcare. It is likely that the meeting among representatives from hospitals, the insurance industry, medical device and pharmaceutical companies, labor and physicians at the White House was to discuss major steps being taken to lower health care costs across the board.</span>
The answer is marginal costs in both places are the same. This
is because the farmers in both places are profit-maximizers, the value in each flat
is equal to MC or Marginal Cost and subsequently the market of corn is competitive,
the price of corn in both places is the same. Also, marginal costs are higher
in East Icicle than in Corncrib can also be a possible answer. For any given outflow
per acre Corncrib’s corn yield are far better than in East Icicle, at any level
of output, the marginal cost per acre in East Icicle must be higher in
Corncrib, which suggests that in equilibrium the output level of corn in East
Icicle is less than the output level of corn in Corncrib.
The answer is: A - have more control.
Hi there! The answer is B. False
Increasing its sales revenue is NOT the only way a firm can increase its profits.
A firm can also increase its profit by reducing its total costs. When the sales revenue stays the same and the total cost decreases, the revenue will increase (without an increasing sales revenue).
