2:15 C X ECO 1021 03 - Assignment 3 - Du.. Question 15 - /2.5 Which of the following statements explains why US health care expenditures are higher than in other countries? A) Government policies have shifted the 1 health care production function downward over time. B) Consumer incomes have decreased, which allows consumers to purchase less health care. C) Demand for health care in the US has 3 increased, so health care production occurs at a higher point on the total product curve than in other countries. 4 D) None of these Question 16 - / 2.5 A firm's marginal product of labor is 4 and its Guardar para despues Entregar2:15 C X ECO 1021 03 - Assignment 3 - Du. Consider the following statements when answering this question: 1.Suppose a semiconductor chip factory uses a technology where the average product of labor is constant for all employment levels. This technology obeys the law of diminishing returns. Il.Suppose a semiconductor chip factory uses a technology where the marginal product of labor rises, then is constant and finally falls as employment increases. This technology obeys the law of diminishing returns. 3 A) I is true, and II is false. 4 B) I is false, and II is true. 5 C) Both I and II are true. 6 D) Both I and ll are false. Guardar para despues Entregar