Assume that there are three groups of hospital patients (instead of two as shown in Figure 14.1):
Question:
Assume that there are three groups of hospital patients (instead of two as shown in Figure 14.1): private, Medicare, and Medicaid (which has a lower fi xed rate of reimbursement than Medicare). Explain how a hospital would select patients in order to maximize profi ts.
Transcribed Image Text:
P C Surplus over variable cost 0 Q Demand Marginal revenue A. Private Sector R R C 0 Surplus over variable cost Q B. Medicare Sector Figure 14.1 Analysis of Changes in the Medicare Hospital Reimbursement Rate Average variable cost
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
To maximize profits a hospital just like any firm would aim to provide services to the group of patients from which it can earn the greatest surplus o...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
Question Posted:
Students also viewed these Business questions
-
Read and answer the question below. EMBRACE DEMOGRAPHICS AND SOCIETAL CHANGES Using Differences to Drive Value Force 7: Demographics and Societal Changes. One of the most important forces that is...
-
Pricing Telemedicine Services and Capacity Utilization: The government of the Republic of Ivarrona wants to make sure that its citizens get preventive (preventative) care so as to make its people...
-
Project the 2 4-1 IV design in Example 8-1 into two replicates of a 2 2 design in the factors A and B. Analyze the data and thaw conclusions. Example 8-1: Consider the filtration rate experiment in...
-
Using atomic weight, crystal structure, and atomic radius data tabulated inside the front cover of the book, compute the theoretical densities of aluminum (Al), nickel (Ni), magnesium (Mg), and...
-
Light from the Sun takes approximately 8.3 min to reach the Earth. During this time interval the Earth has continued to rotate on its axis. How far is the actual direction of the Sun from its image...
-
Carly Jackson is a staff auditor for a public accounting firm. She has been asked to document the client's existing accounting information system so the engagement team can assess the client's...
-
The XYZ company sells approximately 900,000 gizmos annually. Each gizmo consists of 15 components. Management is currently evaluating which vendor to choose as the primary supplier of one of the...
-
REDEMPTION OF BONDS ISSUED AT A PREMIUM Brighton Unlimited sold bonds at a premium for $630,000 (premium of $30,000) eight years ago. (a) The corporation redeems $60,000 of this issue at 98. The...
-
Please show your handwritten work. Calculate the economic break - even level of sales for a project requiring an investment of $ 3 , 0 0 0 , 0 0 0 and cash flows = ( . 1 5 ) ( sales ) - $ 2 5 0 , 0 0...
-
Suppose that Medicaids hospital reimbursement rates do not cover the variable costs of patient care. Will a profi t-maximizing hospital accept Medicaid patients? If not, under what circumstances will...
-
What is a dominant strategy in game theory? Using the payoff matrix shown in Box 14.1, replace the entry in the fi rst row and second column with (125, 50). Does A have a dominant strategy? Does B?...
-
For Exercises 39 through 44, use the following price information for selected foods for 2015 and 2022 given in the table. Compute the Paasche index for 2022 using 2015 as the base period. Item...
-
(c) [4 marks] Suppose that a data warehouse for Company consists of the following three dimensions: product (P), location (L), and time (T), and one measure sales. Below is a lattice of all possible...
-
Sue was required to sign an NDA when she took a job at her new company. Why did the company require her to sign it?
-
What is a recursive method? Explain with an example of a recursive method? [K/U 5 marks] Question 2: What is the difference between linear search and binary search? What is the complexity of them?...
-
Write a java program to display prime numbers loop pattern. 2 35 7 11 13 17 19 23 29
-
An analytical chemist is titrating201.4 mLof a0.5900 M solution of trimethylamine CH33N with a 0.6600 M solutionof HNO3. The pKb of trimethylamine is 4.19. Calculate the pH of the base solution after...
-
The stockholders equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $55,...
-
Recall that Chapter 8 described the binary search algorithm for finding a particular entry in an ordered list. The idea behind binary search is to begin looking in the exact center of the list. If...
-
Most sales forecasting is subject to some error (perhaps 5 to 10 percent). Should we then expect variations in sales performance of 5 to 10 percent above or below quota? If so, how should we treat...
-
Why is there controversy between the advocates of the full-cost and the contribution-margin approaches to cost analysis?
-
The June profit and loss statement for the Browning Company is shown. If competitive conditions make price increases impossible and management has cut costs as much as possible, should the Browning...
-
An acceleration clause: A. Allows the borrower to pay the loan off early. B. Allows the borrower to reduce the principal balance at a faster rate. C. Allows the borrower to make subsequent draw-downs...
-
Aaron's chairs is in the process of preparing a production cost budget for August. Actual cost in July for 120 chairs were: Materials Cost: $4,500 Labor Cost: $2,510 Rent: $1,500 Depreciation :...
-
A small town has 4000 families. The average number of children per family is mu = 2, with a standard deviation sigma = 1.3. A sampling distribution of the mean for n = 50 is developed for this...
Study smarter with the SolutionInn App