Timothy McGreggor, Attorney, P.C., began the year with total assets of $129,000, liabilities of $77,000, and stockholders’ equit
y of $52,000. During the year, the business earned revenue of $113,000 and paid expenses of $34,000. The business also paid cash dividends of $63,000. How much is the business’s equity at year-end?
Marginal effects usually determine the change in a dependent variable (overall medical spending) based on a change in another variable that affects the dependent one (Spending on preventative care), all things remaining the same. If spending on preventative care is high, the overall medical bill should be low, assuming treatment costs, labor costs of health workers and all other factors are constant. If preventative care spending is low, the overall medical spending will be high.
The marginal effects of overall medical spending on health status is larger in the US. The marginal effects of preventative care spending on health is likely smaller than for overall spending.
