Using the questions below, can you provide samples that I can follow to resolve similar questions?

For the following three problems, start with the price-setting example from the text. The initial assumptions are provided in the table below.

Total cost

$100,000

Total volume

1,000

Average cost

$100

Payer volumes

Medicare (payment rate= $95)

400

Medicaid (payment rate = $75)

100

Managed Care # 1(payment rate = $110)

300

Managed Care # 2(pay 80% of charges)

100

Uninsured (pay 10% of charges)

100

Total all payers

1,000

Desired net income

$5,000

4.Medicare and Medicaid presently account for 50% of the volume. The hospital wishes to reduce its dependence on government payers. Assume that Medicare volume is reduced to 380 patients and Medicaid volume is reduced to 90 patients. The volume from managed-care plan #1 rises to 320 patients from 300. The volume from managed-care plan #2 increases to 110 patients. Thus, total volume is unchanged at 1,000 visits. What is the new price necessary assuming all other factors are unchanged?

5.Start with the original assumptions. The hospital is facing pressure from public-interest groups to control the prices it charges to the uninsured. Assume that the hospital is able through various efficiencies to cut its per-visit cost by 5%. It also negotiates a 7% increase with managed-care plan #1. Assuming all other factors are unchanged, what is the new required price?

6.Start with the original assumptions. Notice that managed care plan #1 receives a much lower price in return for sending a larger volume of patients. Managed care plan #2(MC#2) wants to pay a lower cost per case and is willing to send 250 more patients (350 total from MC#2) to the clinic in return for a rate of $110 per case. Assume that the average cost per case drops to $90 due to the economies of scale. All other assumptions are unchanged. What is the new required price?