Select one; beneficiaries consume Medicaid services to the point where the Select one: Boots out of a. beneficiaries consume Medicaid services to the point where the 5.00 marginal value of the last service consumed (doctor visit etc.) equals question zero b. beneficiaries attach little or no value to their final unit of Medicaid- funded health care, and their consumer surplus is zero c. the marginal cost to taxpayers for Medicaid related health services can be sizeable uestion 33 You are looking at an Indifference Curve similar to Exhibit 9 on page 134 in the vel swered appendix to Chapter 6. The layout of the graph is the same. The Y axis nts out of (vertical) represents "Movie rentals per week." The X axis (horizontal) represents Pizzas per week. At point (a) on the graph in this problem, "Movie rentals per week" equals 6. At point (a) on this graph "Pizzas per ition week" equals 1. At point (b) on this graph, "Movie rentals per week" equals 4 At point (b) on this graph, "Pizzas per week" equals 3. Calculate the marginal rate of substitution (MRS), between pizza and movies as you move from point (a) to point (b) on the "graph" I have described. The answer is: Select one: a. -1 2 14 The price elasticity of demand for a firm's prod 1.75. The firm decides to raise the price