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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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<u>Answer:</u>

The correct answer for this is: Gross Rent Multiplier.

<u>Explanation:</u>

The type of a simplified alternative to capitalization of net income that does not take into account bad debts or expenses is called Gross Rent Multiplier (GMR).

Gross Rent Multiplier is used to find the approximate net incomes that does not include any bad debts or expenses.

Also, it is considered as the quickest tool to estimate the values, such as of a building.

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3 years ago
Which statement about demand is true?
NISA [10]

Answer:

B. the demand for a product and its price has a direct relationship

Explanation:

demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.

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3 years ago
The competitive moves and business approaches a company’s management uses to grow the business, stake out a market position, att
Ksivusya [100]

Answer:

Strategy.

Explanation:

The competitive moves and business approaches a company’s management uses to grow the business, stake out a market position, attract and please customers, compete successfully, conduct operations, and achieve organizational objectives are referred to as strategy.

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

An organization's strategy sets the overall direction for its business; it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Basically, for an organization to formulate strategies that are in tandem with its mission, the organization will need to assess internal weaknesses and strengths, know its core competencies, analyze its rivals (competitors) and examine the external environment.

5 0
3 years ago
Vertical space can be utilized to gain more storage space?<br> True or False
alexandr402 [8]
<span>True. Vertical space can be used for more storage space, however in most storage units only fifty percent of the total storage is not utilized. Using vertical space will increase the storage space</span>
6 0
3 years ago
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An employee has​ year-to-date earnings of . The​ employee's gross pay for the next pay period is . If the FICAOASDI is ​% and th
taurus [48]

Answer:

$192

Explanation:

Calculation for how much FICA-OASDI tax will be withheld from the employee's pay?

FICA-OASDI tax=($117,000-$113,900)*6.2%

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Therefore how much FICA-OASDI tax will be withheld from the employee's pay is $192

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2 years ago
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