PROBLEM 8 8A. Write the output maximizing decision rule for the non-profit organization. 8B. Using the data from Table 3.2 in the Module and completing a new table with adjusted higher costs, if total costs for the non-profit organization increase by 10 percent and transports must be provided in bundles of 20 and revenues are at $60,000, what is the number of medical transports provided? Total Total Marginal Marginal Price Cost $5 $5 $5 $5 $5 $5 $5 $5 Quantity Revenue Revenue Cost $0 $5 $10 $15 $20 $25 $30 $35 $9 $10 $12 $15 $19 $24 $30 $45 1 34567

EBK HEALTH ECONOMICS AND POLICY
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Chapter15: Medical Care Reform In The United States
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PROBLEM 8
8A. Write the output maximizing decision rule for the non-profit organization.
8B. Using the data from Table 3.2 in the Module and completing a new table with adjusted
higher costs, if total costs for the non-profit organization increase by 10 percent and transports
must be provided in bundles of 20 and revenues are at $60,000, what is the number of medical
transports provided?
Total
Total
Marginal
Marginal
Price Cost
$5
$9
$5
$10
$5
$12
$5
$15
$5
$19
$5
$24
$5
$30
$5
$45
Quantity
Revenue
$0
$5
$10
$15
$20
$25
$30
$35
Revenue
Cost
1
3.
4.
7
Transcribed Image Text:PROBLEM 8 8A. Write the output maximizing decision rule for the non-profit organization. 8B. Using the data from Table 3.2 in the Module and completing a new table with adjusted higher costs, if total costs for the non-profit organization increase by 10 percent and transports must be provided in bundles of 20 and revenues are at $60,000, what is the number of medical transports provided? Total Total Marginal Marginal Price Cost $5 $9 $5 $10 $5 $12 $5 $15 $5 $19 $5 $24 $5 $30 $5 $45 Quantity Revenue $0 $5 $10 $15 $20 $25 $30 $35 Revenue Cost 1 3. 4. 7
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