Mr. wong is a single individual. he has a successful business career and is now able to retire with a comfortable income. mr. wong’s taxable income is in excess of $100,000. mr. wong has health coverage through his employer but will sign-up medicare part a, part b and part d when he leaves the workforce. how would you advise him as he budgets for medicare premiums?

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.