Multiple Choice
The figure below shows Ava's demand curve for days in the hospital. The marginal cost of an additional day in the hospital is $200. If Ava had first-dollar medical insurance, then she would choose to stay ______ day(s) in the hospital.
A) 4
B) 1
C) 2
D) 3
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q26: Suppose the figure below shows Luke's demand
Q27: It is socially optimal to hire an
Q28: The graph below illustrates the marginal cost,
Q29: Two firms, Industrio and Capitalista, have
Q30: Pat has just graduated from college and
Q32: Consider a police department trying to decide
Q33: Suppose Matt and Gabe must both choose
Q34: Compared to patients covered by conventional health
Q35: Two companies, Dirty Inc. and Filthy
Q36: Suppose Matt and Gabe must both choose