The Use of Hospitals Today Is Dominated by

question 11

Multiple Choice

The use of hospitals today is dominated by

• A) the elderly.
• B) immigrants.
• C) obstetrical care.
• D) the wealthy.

---

Definitions:

Marginal Utility

Marginal Utility is the added satisfaction or benefit a consumer receives from consuming one more unit of a good or service.

Diminishing Marginal Utility

The principle that the utility or satisfaction gained by consuming each additional unit of a good or service decreases as more of that good or service is consumed.

Marginal Utility

The extra pleasure or benefit derived from consuming an additional unit of a product or service.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.