Describe the calculation of and use of the average marginal cost per patient at a medical facility.
What will be an ideal response?
The marginal cost per patient is the cost for seeing one additional patient. It is calculated by subtracting the fixed cost of operation per patient from the average cost per patient at the medical facility. The marginal cost per patient is used to estimate profits from adding more patients and for negotiating contracts with healthcare insurers.
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A. two B. three C. four D. five