Question: please show steps and explain how you got the answer thoroughly The Center for Holistic Medicine is losing money each month. The leadership of the

please show steps and explain how you got the

please show steps and explain how you got the answer thoroughly

The Center for Holistic Medicine is losing money each month. The leadership of the center brainstormed and agreed that they should introduce a new service to the community. Beginning next month, the Center of Holistic Medicine would begin providing colonics to cleanse out bad toxins that harm an individual's spirit and state-of-mind. The new service will generate an additional 1,250 patient visits per month. The added visits will generate only $49.50 per visit. The new service will increase variable expenses across the board by 5%. (** = Variable Expenses). What are the marginal cost, marginal revenue, and marginal benefit of the new product line? (15 Points) Current Position (Monthly) REVENUE: Patient Revenues Billable Patient Visits $357,500 6,620 ** EXPENSES: Nurse Salaries and Benefits ** Support Staff Salaries ** Support Staff Benefits ** MIS ** Laboratory ** Radiology ** Consumable Medical Supplies Building and Occupancy Furniture and Fixtures Administration Supplies and Equip. Liability Insurance Premiums Consulting Professional Fees Promotion and Marketing Interest Expense Business and Property Insurance Recruiting ** Other Operating Expenses ** Total Expenses: $189,031 $85,000 $17,500 $4,000 $15,600 $3,214 $15,000 $22,000 $5,578 $3,000 $2,175 $2,616 $1,150 $500 $900 $2,800 $1,936 $372,000 *** NET INCOME ($14,500)

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