Using the example of Table 6-2, assume that the average cost has umped from $100 to$105. All other factors in the example remain the same. What will be the new required price? Table 6-2 Price-Setting Example Total cost Total volume Average cost Payer volumes Medicare (payment rate = $95) Medicaid (payment rate = $75) Managed Care # 1 (payment rate = $110) $100,000 1,000 $100 400 100 300

Using the example of Table 6-2, assume that the average cost has umped from $100 to$105. All other factors in the example remain the same. What will be the new required price? Table 6-2 Price-Setting Example Total cost Total volume Average cost Payer volumes Medicare (payment rate = $95) Medicaid (payment rate = $75) Managed Care # 1 (payment rate = $110) $100,000 1,000 $100 400 100 300

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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