Which of the Following Topics Are More Likely to Be

question 3

Multiple Choice

Which of the following topics are more likely to be studied by a macroeconomist than by a microeconomist?

• A)the effect of taxes on the prices of airline tickets,and the profitability of automobile-manufacturing firms
• B)the price of beef,and wage differences between genders
• C)how consumers maximize utility,and how prices are established in markets for agricultural products
• D)the percentage of the labor force that is out of work,and differences in average income from country to country

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Marginal Costs

The extra expense incurred from making one more unit of a product or service.

Average Cost

The total cost of production divided by the number of goods produced, showing the cost of producing each unit.

Marginal Cost

The cost incurred to produce one additional unit of a product or service.

Average Costs

The total cost of production divided by the quantity produced, indicating the cost per unit of output.