Examlex
How can efficiency be measured in health care?
Marginal Cost
The increased cost resulting from the production of one more unit of a product or service.
Revenue
The total income received by a business or organization from its normal business operations.
Cost
is the monetary valuation of effort, material, resources, time, and utilities consumed, goods or services produced, or other expenses incurred.
Price-Taker Model
A market scenario where individual firms or consumers accept the prevailing market price because they are unable to influence it.
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