Still, the world looked pretty nice from up there. it always looked more interesting from a high place, and sometimes it gave you an excited feeling. of course, the big elm was a better perch, or the roof of the barn, and marmaduke often wondered what it would be like to see the world from a big balloon, but the fence was good enough. it curved up over a little hill, and he could see lots of the world from there. he looked over towards the west, where the sun marched into his barn every night. fatty hamm declared that the sun kept a garage behind that hill, but marmaduke insisted it was a barn, for he liked horses best, and the sun must drive horses. there was a real hill there, not little like the one where he sat on the fence, but a big one, ’most as big as a mountain, marmaduke thought. sometimes it was green, and sometimes grey or blue, and once or twice he had seen it almost as purple as a pansy. which detail from this passage indicates marmaduke's great imagination? a) the way he looks to the west b) the fact that he likes horses c) the fact that he likes to see the world from a high place d) the way he pictures the sun being a horse-driver, and owning a barn

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.