Assume the Ratio of Physicians to Inhabitants of the United

question 27

Multiple Choice

Assume the ratio of physicians to inhabitants of the United States is 1 to 536. If there are 300 million people living in the United States, approximately how many physicians are there? ​

• A) 1,119,403
• B) 186,567
• C) 55,970
• D) 5,597,015
• E) 559,701

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Definitions:

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Diseconomies Of Scope

A situation where the cost of producing multiple products or services together is higher than producing them separately.

Economies Of Scope

Cost advantages that enterprises obtain due to a broader scope of operations or increased production diversity.

Economies Of Scope

Cost advantages that a business experiences by producing a variety of products rather than specializing in a single product or service.