Which of the following statements correctly explains the concept of marginal cost associated with running a clinic? Show answer choices Every patient treated results in reimbursement determined by a third party payer Every patient treated results in $365 of additional revenue The electricity bill stays constant regardless if a clinic treats 50 patients per week or 5 patients a week The additional cost of treating an additional patient by the clinic, such as waiting time.
Which of the following statements correctly explains the concept of marginal cost associated with running a clinic? Show answer choices Every patient treated results in reimbursement determined by a third party payer Every patient treated results in $365 of additional revenue The electricity bill stays constant regardless if a clinic treats 50 patients per week or 5 patients a week The additional cost of treating an additional patient by the clinic, such as waiting time.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
ChapterST7: The Economics Of Health Care
Section: Chapter Questions
Problem 1CQ
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Question
Which of the following statements correctly explains the concept of marginal cost associated with running a clinic?
Show answer choices
Every patient treated results in reimbursement determined by a third party payer
Every patient treated results in $365 of additional revenue
The electricity bill stays constant regardless if a clinic treats 50 patients per week or 5 patients a week
The additional cost of treating an additional patient by the clinic, such as waiting time.
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