Hi, i am doing health care economic class, and i need help with these answers Thanksadmin
1. The average total cost of operating a surgical room is $700 per case if the volume is 100 cases, and $690 per case if the volume is 110 cases.
Hi,i am doing health care economic class, and i need help with these answersThanks
The average total cost of operating a surgical room is $700 per case if
the volume is 100 cases, and $690 per case if the volume is 110 cases.
What is total cost at each of these two volumes? What is the marginal cost
of another case within this range?
Extended care facilities are paid on a per diem basis, and they have an
upward sloping supply curve. What will be the eFect on supply or quantity
supplied in each of the following cases:
a reduction in the real per diem rate paid to the extended
an increase in wages paid to the staF who work in the
extended care facility?
a new cleaner that allows the extended care facility to
hire fewer custodial staF?
a greater supply of home care services (a substitute for
extended care facilities)?
The federal agency responsible for covering the cost of dental care for
low-income seniors has set a rate of $100 for various dental treatments. In
addition to these seniors, dentists have patients who pay for their dental
services. The demand curve for each dentist is shown below.
Quantity of Dental
Each dentist also has a cost schedule, as shown below.
View the Answer
Quantity of Dental
If each dentist in this system works on a proFt-
maximizing basis, how many treatments will be provided to
both the paying patients and to the federally funded seniors?
(Show your work by tabulating appropriate columns for
as well as for
What would the number of paying patients
funded seniors be if the federal funding agency raised its rate
to $120 per treatment? (Show all your work.)