Examlex
Health information technology (HIT) is rapidly expanding and is impacting healthcare teams. HIT can support collaborative team practice when it is designed to include:
Output
The total amount of goods or services produced by a company, industry, or economic system.
Price
The amount of money required to purchase a good or service, set by the interplay of supply and demand forces in the market.
Total Cost
The full expense incurred in the production or acquisition of goods or services, including both fixed and variable costs.
Marginal Cost
The supplementary charge triggered by the manufacture of one extra unit of a product or service.
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