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Economies of scale exist when: a. short-run average costs decline. b. long-run average costs are constant. c. long-run average costs increase as output increases. d.
Economies of scale exist when: a. short-run average costs decline. b. long-run average costs are constant. c. long-run average costs increase as output increases. d. short-run average costs increase. e. long-run average costs decline as output increases. The major difference between the for-profit and the not-for-profit organizational form is: a. the absence of a profit motive in the not-for-profit environment. b. for-profit hospitals do not provide charity care. c. shareholders receive higher return on their investment in a not-for-profit environment. d. primarily the ability to transfer assets. e. patients receive higher quality of care in not-for-profit hospitals
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