The state Medicaid agency has set a rate of $110 per visit for all Medicaid enrollees who visit a physician. Each physician also has private paying patients. The demand curve for each physician is characterized by the data in the following table, and physicians can be regarded as individual monopolists. Each physician also has a cost schedule that can be characterized by the data in the table.

1. If each physician is a profit-maximizing provider,how many visits will he/she provide to public and private patients?
2. What will the number of visits provided be if the Medicaid Agency lowers its rate to $60 per visit but the demand remains thesame?

Price to Private Consumer ($)	Quantity of Visits Demanded	Quantity of Visits Supplied	Total Costs ofProduction ($)
160	0	0	100
140	1	1	140
120	2	2	220
100	3	3	340
80	4	4	500
60	5	5	700
40	6	6	940
20	7	7	1260