Transcriptionists at Westgate Medical Center Type 180 Lines Per Hour

question 38

Multiple Choice

Transcriptionists at Westgate Medical Center type 180 lines per hour (1,440 lines per 8-hour productive work day * 5 work days = 7,200 lines per week) . This would result in 28,800 lines typed per month. You are considering January, February, and March in which your facility physicians average 170,000 lines of dictation. How many full-time transcriptionists would you need to cover the anticipated volume of work? Round up to a whole number for this exercise.

• A) 1
• B) 2
• C) 3
• D) 4

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Definitions:

Market Quantity

The total amount of goods or services available for purchase within a specific market.

Consumer Surplus

The divergence in total potential expenditure consumers are ready to make on a good or service against actual expenses incurred.

Welfare Economics

A branch of economics that focuses on the optimal allocation of resources and goods and aims to evaluate social welfare.

Equilibrium Price

The cost point where the amount of a product or service sought by consumers matches the amount available from producers.