This Type of Cost Is Irrelevant When Making Decisions at the Margin

question 21

Multiple Choice

This type of cost is irrelevant when making decisions at the margin.

• A)Marginal cost
• B)Diminishing cost
• C)Sunk cost
• D)Incremental cost

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Definitions:

The Joint Commission

An independent, not-for-profit organization that accredits and certifies healthcare organizations and programs in the United States.

Incident Report

A documentation of any unusual or unexpected event in a healthcare setting that could have or did lead to harm for a patient, employee, or visitor.

Malpractice Lawsuit

A legal action taken against a healthcare professional or organization for negligence or providing substandard care causing harm to a patient.

Pain Assessment

The systematic evaluation of pain using various scales and measures to understand its intensity, type, and effect on the individual, aimed at guiding treatment decisions.