Marginal Resource Cost Is Defined as the

question 57

Multiple Choice

Marginal resource cost is defined as the

• A)total cost of producing a unit
• B)total cost of adding one more unit of a resource, other things constant
• C)cost of adding one more unit of a resource, other things constant
• D)marginal cost divided by the quantity of a resource
• E)price of labor

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Definitions:

Alphanumeric Codes

Codes consisting of a combination of letters and numbers, used for classification or identification.

CPT Code Format

Refers to the standardized system of coding used by healthcare providers to identify specific medical, surgical, and diagnostic services for billing purposes.

Downcoding

The insurance carrier bases reimbursement on a code level lower than the one submitted by the provider.

Insurance Carrier

A company that provides insurance policies to individuals or entities, offering financial protection against losses.