Which Statement Best Describes the Cost of Hospice Care

question 27

Multiple Choice

Which statement best describes the cost of hospice care?

• A) It is too expensive for most patients to afford.
• B) It is more costly than in-home care.
• C) It is rarely covered by insurance.
• D) It is less expensive than hospital care.

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Definitions:

Marginal Revenue

The supplementary earnings obtained by selling an extra unit of a product or service.

Prices

The charge for acquiring a specific good or service.

Marginal Revenue

The revenue boost a firm experiences from the sale of an additional unit of a product or service.

Burritos

A Mexican dish consisting of a wheat flour tortilla rolled or folded around a filling, typically including beans, cheese, meat, and rice.