Question

could you please provide detailed answer with how you achieved that answer for the following questions. Screen Shot 2019-10-01 at 10.20.58 PM.png

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Concepts 1. Opportunity Costs: Explain whether private health care is more costly than public health care because private health care providers make profits. 2. Marginal Analysis: Suppose factor prices for labour and capital are w = 4 and r = 8. At the observed amount of capital and labour the marginal product of capital is observed to be 15 and the marginal product of labour 5. Is the firm profit maximizing? Explain how it could increase its profits.

Subject: Business, Economics
Concepts 1. Opportunity Costs: Explain whether private health care is more costly than public health care because private health care providers make
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