Improvements in quality of medical procedures often mean that cost per unit of output decreases,...
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Accounting
Improvements in quality of medical procedures often mean that cost per unit of output decreases, quality of life is improved; however, total costs to society increase. This seeming paradox:
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| A. | is due to the law of diminishing marginal returns |
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| B. | is due to economies of scale |
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| C. | is the result of diseconomies of scale |
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| D. | is explained by the fact that more people will demand the treatment if it increases life expectancy or quality of life |
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