Medigap Is Sold or Serviced By

question 37

Multiple Choice

Medigap is sold or serviced by:

• A) Medicare.
• B) Medicaid.
• C) private insurance companies.
• D) Health Care Financing Administration.
• E) National Institutes of Health.

---

Definitions:

Marginal Costs

The increase in total production cost that arises from producing one additional unit of a good or service.

Average Fixed Cost Curve

A graph that shows the fixed costs of production divided by the quantity of output produced, illustrating how these costs dilute over larger production volumes.

U-Shaped

A descriptive term often used in economics and statistics to describe a graph or curve that resembles the shape of the letter "U", indicating a particular kind of relationship or trend.

Positive Amount

A value that is greater than zero, indicating a quantity that adds to a total rather than subtracting from it.