D Question 22 Changes in the actual production function are associated with changes in O the level of output O product demand O the costs of inputs O technology D Question 23 Long-Run Average Costs LRAC D B C Q Q2 Q3 Q4 Output per Time Period In the above figure, point B is called O the maximum efficient scale the minimum efficient scale O the planning horizon O the point of diminishing marginal product D Question 24 What key factor makes healthcare consumption different from most markets? O third-party financial intermediaries pay for much of our marginal consumption of health care O health care is a good we must consume O we have a very elastic demand for health care O people only consume health care services when they have to D Question 25 What does it mean to say that health care may be subject to diminishing returns? O Health care costs are expensive New technology has improved lives, but not by much O Eventually, higher individual spending on healthcare won't improve life quality very much Government has failed to eliminate health care scarcity