It Is Important for the Treating PTA to Protect the Patient

question 5

Multiple Choice

It is important for the treating PTA to protect the patient in multiple ways.What is NOT an appropriate protection?

• A) Use of appropriate equipment
• B) Proper use of an incident report
• C) Legal responsibilities of the treating PTA
• D) No informed consent

Understand the concept of profit maximization for competitive firms and calculate profit per unit.

Identify how to determine portions of total costs that can be recouped in the short run versus shutting down.

Analyze equilibrium conditions in a purely competitive market.

Distinguish between normal profits, economic profits, and losses in the short run for competitive firms.

---

Definitions:

Units

Basic measures or quantities of a product, service, or variable used in economic analysis or transactions.

Average Fixed Cost

The average fixed cost is the total fixed expenses of a business divided by the number of units produced, showing how much fixed costs contribute to each unit of production.

Average Variable Cost

The variable cost per unit of output, determined by dividing the total variable costs by the number of units of output.

Output

The total quantity of goods or services produced or supplied by a firm or economy within a certain period.