In an Effort to Increase Cash Sales and to Manage

question 22

Multiple Choice

In an effort to increase cash sales and to manage profitability, managers of health care operations have become more resourceful by

• A) adding an extra charge to service users not affiliated with the medical facility
• B) developing concepts like medical malls with retail shops, bakeries, catering and restaurants
• C) decreasing portion sizes of meals served to staff and patients in medical care facilities
• D) charging more for cafeteria food and eliminating discounts to staff

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Definitions:

Marginal Revenue

It refers to the additional income earned from selling one more unit of a good or service.

Demand Schedule

A table that lists the quantity of a good or service that consumers are willing to buy at various prices.

Total Revenue Schedule

A table or graph that shows the total revenue a firm can expect to receive at various levels of output, assuming a constant price.

Demand Linear

A relationship in economics where the amount of a good or service demanded changes linearly with its price.