​Match the HMO Model with Its Correct Description

question 66

Multiple Choice

​Match the HMO model with its correct description. Options will only be used once.
-​HMO owns and operates its own facility, is equipped for laboratory, pharmacy, and X-ray services, and hires its own physicians and other health care providers.

• A)​Group model
• B)Independent practice association
• C)​Network model
• D)​Staff model

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Definitions:

Marginal Cost

The variation in overall expenses that occurs with the production of an additional unit.

Total-Cost Curve

A graphical representation showing the total cost of producing different quantities of a good or service.

Marginal Product

The additional output that is gained by employing one more unit of a factor of production.

Average-Variable-Cost Curve

A graphical representation showing how the average variable cost of production changes as the quantity of output is altered.