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Skip, the manager of a local senior living facility, has been under a lot of pressure from his regional manager because the occupancy rate at

Skip, the manager of a local senior living facility, has been under a lot of pressure from his regional manager because the occupancy rate at his facility is 80%. Given his fixed costs, if he wants his average per patient costs to equal his company's average per patient cost (which is lower than Skip's), he needs to increase his occupancy rate to 90%. When he does this, he will be taking advantage of

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Opportunity costs

Marginal analysis

Economies of scope

Economies of scale

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