If the (Steadily Decreasing)marginal Benefit of Another Day Spent in the Hospital

question 57

Multiple Choice

If the (steadily decreasing) marginal benefit of another day spent in the hospital is larger than the (steadily increasing) marginal cost of an additional day spent in the hospital, the

• A)net benefit from the hospital stay must be positive.
• B)net benefit from the hospital stay must be decreasing.
• C)net benefit from the hospital stay must be increasing.
• D)net benefit from the hospital stay is maximized.

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Definitions:

Implied Warranty

A legal assurance inherent in a transaction that the goods or services sold meet certain quality standards, even if not explicitly stated.

Express Warranty

An express warranty is a seller's promise or guarantee that a product will meet a specified level of quality and reliability.

Puffing

Exaggerated or superlative comments or opinions made by sellers regarding the quality or desirability of their goods, not considered legally binding promises.

UCC

A complete legislative framework, the Uniform Commercial Code, oversees all commercial dealings within the United States.