Why Should a Healthcare Worker in a Doctor's Office Encourage

question 37

Multiple Choice

Why should a healthcare worker in a doctor's office encourage a patient to obtain accurate measuring utensils from a pharmacy?

• A) Household utensils vary in size.
• B) Pharmacy supplies are reimbursed by healthcare insurance plans.
• C) Pharmacy supplies use standard abbreviations.
• D) Household supplies are not sterile.

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Definitions:

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a product or service.

Marginal Cost

The extra financial burden of manufacturing an additional unit of a product or service.

Price Takers

Firms or individuals who accept the market price as given and have no power to influence that price due to the competitive nature of the market.

Marginal Revenue

The additional income received from selling one more unit of a product or service.