Suppose the hospital has the following output, price, and average cost structure. Output Price Average Cost 0 45 --- 1 40 50 2 35 28 3 30 20 4 25 17 5 20 18 6 15 20 7 10 21 What is the total cost if they produce 6 units? What is the total revenue if they produce 4 units? What is the marginal revenue producing 5 units? What is the marginal cost of producing 3 units? What is the profit max quantity if the hospital is in a competitive market? What is the profit max quantity if the hospital is monopoly? What is the profit max price if the hospital is in a competitive market? What is the profit max quantity if the hospital is in monopoly? What is the total profit in the competitive market for this hospital? What is the total profit in the monopoly market for this hospital?

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