The table shows cost and revenue data for a clinic. Calculate the clinics marginal cost, marginal revenue,
Question:
The table shows cost and revenue data for a clinic. Calculate the clinic’s marginal cost, marginal revenue, and profits at each volume. Which price maximizes its profits?
Transcribed Image Text:
Surgeries Price 250 $2,000 Revenue $500,000 Cost 300 $1,920 $576,000 $516,000 $538,500 350 400 $1,800 $1,675 $630,000 $670,000 $563,500 $591,000 450 $1,550 $697,500 $621,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The table shows cost and revenue data for a clinic. Calculate the clinics marginal cost, marginal revenue, and profits at each volume. Which price maximizes its profits? Surgeries Price Revenue Cost...
-
The table shows cost and revenue data for an outpatient surgery clinic. Calculate the clinics marginal cost, marginal revenue, and profits at each level of output. Which price maximizes its profits?...
-
Textbook authors must be careful that the reading level of their book is appropriate for the target audience. Some methods of assessing reading level require estimating the average word length. We've...
-
On May 1, Johnson Corporation purchased inventory for $40,000 on credit. On May 15, Johnson sold inventory with a cost of $10,000 for $25,000 on credit. Prepare journal entries to record these...
-
On December 28, Hadley Company purchased goods FOB destination at a cost of $38,000. The goods arrived at Hadleys warehouse and were unloaded on January 5. Hadleys bookkeeper is unsure whether these...
-
An L-band radar has the following specifications: operating frequency \(f_{0}=1.5\) \(G H z\), operating bandwidth \(B=2 \mathrm{MHz}\), noise figure \(F=8 d B\), system losses \(L=4 d B\), time of...
-
Crush Autosmashers can purchase a new electromagnet for moving cars at a cost of \($20,000.\) At the end of its useful life, the electromagnet will be worth \($1,000.\) If Crushs MARR is 12...
-
Seth Feye established Reliance Financial Services on July 1, 2014. Reliance Financial Services offers financial planning advice to its clients. The effect of each transaction and the balances after...
-
2. 2. A 20 kg child climbs to the top of a slide that is 3 m above the ground level. She starts from rest and slides down the incline. a. Define and model the energy of the system with Energy Bar...
-
Why is the demand for an individual firms healthcare products usually elastic?
-
Which of the plans in exercise 1.3 would be fairest? Exercise 1.3 A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and $500 in investment income. Another...
-
A British pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now, with the protection afforded by patent rights, the company has the...
-
Consider a chain of modular kitchen manufacturers that uses postponement methods to design and install them. What would allow the chain to deliver a modular kitchen to a client in a reasonable...
-
Deliveroo is a British online restaurant food delivery service now available in 29 countries (https://deliveroo.co.uk/faq). What transportation challenges does Deliveroo face? Compare transportation...
-
Which transportation network design option has the elimination of intermediate warehouses and its simplicity of operation and coordination as its major advantage? Direct shipping network Direct...
-
IKEA has a network that uses a combination of direct deliveries and distribution centers. Explain how the company can use such a network to reduce transportation costs while replenishing inventories...
-
Understanding the impact of incentives on the actions of a supply chain partner is especially important when there are two or more members in the supply chain. the third partys actions are not fully...
-
A parent purchases a subsidiarys bonds directly from it. The parent later sells the bonds to a nonaffiliate. From a consolidated viewpoint, what occurs when the parent sells the bonds? Is a gain or...
-
Consider the sections of two circuits illustrated above. Select True or False for all statements.After connecting a and b to a battery, the voltage across R1 always equals the voltage across R2.Rcd...
-
A 30-year mortgage for $145,000 is issued at a 6% A nominal interest rate. (a) What is the monthly payment? (b) How long does it take to payoff the mortgage, if $1000 per month is paid? (c) How long...
-
Solve Problem 6-32 for the breakeven first cost per kilometer of going under the lake.
-
Redo Problem 6-38 to calculate the EUAW of the alternatives as a function of miles driven per year to see if there is a crossover point in the decision process. Graph your results.
-
In "Taking Sides: Clashing Views in Science, Technology and Society," edited by Thomas A. Easton, these two articles (Population Articles #1 and #2, above) were paired around the question, "Do...
-
#8 I just purchased a 30 year, 6% mortgage on my new home for $250,000. It was nice to be able to put 20% down to avoid home mortgage insurance. I plan to increase my payment to $2,000 per month....
-
Critical analysis, discussion, and referencing are very important to the quality of the assignments. Organisation of the structure with coherence, content and clarity will be underlined. The marking...
Study smarter with the SolutionInn App