Question: Can you help me with these questions? 1. Explain how the price and quantity bundle is chosen by an output maximizing not-for-prot hospital. Use clearly

Can you help me with these questions?

1. Explain how the price and quantity bundle is chosen by an output maximizing not-for-prot hospital. Use clearly labeled diagram in your explanation. [5 points] 2. Explain how the price and quantity bundle is chosen by a discretionary prot maximizing not-for- prot hospital (also known as utility maximizing not-for-prot hospital, or managerial expense preference model}. Use clearly labeled diagram in your explanation. [5 points] 3. Explain under what condition a hospital may adop; cost shifting. Use clearlylr labeled diagram{s) in your explanation. [5 points]

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