The table shows case-mix-adjusted price and volume data for Dunes Hospital. Calculate its marginal cost, marginal revenue, and profits at each level of output. What price should it choose?

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6,552 $52,416,000 $70,574,400 $73,507,200 $73,881,600 $74,131,200 $42,588,000 $59,264,400 $63,835,200 $6,393,600 $68,983,200 $8,000 Admissions 9,048 9,672 9,984 10,296 Revenue Cost Price $7,800 $7,600 $7,400 $7,200 6,552 $52,416,000 $70,574,400 $73,507,200 $73,881,600 $74,131,200 $42,588,000 $59,264,400 $63,835,200 $6,393,600 $68,983,200 $8,000 Admissions 9,048 9,672 9,984 10,296 Revenue Cost Price $7,800 $7,600 $7,400 $7,200

Answer rating: 100% (QA)

Answer Working notes 1 Number of admissions Q 2 MR Change in TR Change in Q 3 MC Change in TC Chan... View the full answer