When the Respiratory Therapist Is Entering a SOAPIER Progress Note

question 2

Multiple Choice

When the respiratory therapist is entering a SOAPIER progress note in a patient's chart, the A stands for:

• A) application of the data.
• B) acceptance of the treatment options by the patient.
• C) affect of the patient.
• D) assessment of the data by the respiratory therapist.

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Definitions:

Profit-maximizing Price

The price level at which a firm can maximize its profit, calculated where marginal cost equals marginal revenue.

Elasticity of Demand

The measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Profit-maximizing Price

The selling price that allows a firm to earn the highest possible profit given its cost structure and market demand.