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nataly862011 [7]
3 years ago
7

The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the

existing Medicare budget. The two areas where they are considering cuts are nonessential elective surgery and 6-12 month mental health care programs. Applying the concept of diminishing marginal utility, the budget cuts should be made for spending on:A. elective surgery due to its lower marginal utility per dollar of expenditure.B. neither can be compared by measuring marginal utility.C. mental health therapy due to its higher marginal utility per dollar of expenditure.D. both programs, which have the same marginal utility per dollar of expenditure.
Business
1 answer:
ArbitrLikvidat [17]3 years ago
5 0

Answer:

A. elective surgery due to its lower marginal utility per dollar of expenditure.

Explanation:

As there is non essential elective surgeries, as from government's point of view since it is non essential that is not required and not utilized by major citizens of the country, and since there is requirement of budget cut-down. The government shall remove elective surgery.

as the amount of expenditure involved in these surgeries is also high and the resulting utility for each surgery is really low, it shall be removed.

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Production Budget
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Answer and Explanation:

The preparation of production budget is shown below:-

                      Weightless Inc

                    Production Budget

         For the month ending October 31

                             Units Bath Scale            Units Gym Scale

Expected Units to

be sold                       150,000                         90,000

Desired Inventory,

October 31                  12,500                           8,000

Total                          162,500                           98,000

Less: Estimated Inventory,

October 1                   -18,000                           -10,000

Total Units to be

produced                  144,500                           88,000

5 0
3 years ago
When venturing into a foreign country for business, which controllable risk will you most likely face?
OLEGan [10]

The answer would be C worker strikes due to cultural differences

4 0
3 years ago
Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the Ea
Elena L [17]

Answer: $352,000

Explanation:

The information needed to calculate the cash and cash equivalent are:

Balance in checking account, Bank of the East = $ 382,000

The restricted cash included in the checking account = $49,000

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We subtract the restricted cash from the balance in the checking account and then add it to the treasury bills. This will be:

= ($382,000 - $49,000) + $19,000

= $333,000 + $19,000

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4 0
3 years ago
Cochrane Associate's net sales last year were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be
Serhud [2]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Cochrane Associate's net sales last year were $525 million. If sales grow at 7.5% per year, how large (in millions) will they be 8 years later?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 525*(1+0.075)^8

FV= $936.33

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3 years ago
Although he is not sure about specific products, Diogo heads directly for a store selling Godiva Chocolates, because he knows th
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Answer:

brand awareness is the correct answer.

Explanation:

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