The Uses of Epidemiology Include

question 4

Multiple Choice

The uses of epidemiology include:

• A) search for determinants (causes of disease).
• B) estimation of individual risks and chances of contracting disease.
• C) evaluation of health services.
• D) All are correct.

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Definitions:

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.

ATC

Stands for Average Total Cost, which is the sum of all costs (fixed and variable) divided by the quantity of output produced.

Economic Profit

The surplus remaining when total revenue is greater than total cost, including both explicit and implicit costs, often indicating a company's profitability.

Purely Competitive Seller

A seller in a market characterized by many buyers and sellers, free entry and exit, homogeneous products, and perfect information.