The CPT Code That Is Used to Report Materials and Supplies

question 20

Multiple Choice

The CPT code that is used to report materials and supplies by the physician for which no other more specific CPT code exists is:

• A)99070
• B)99080
• C)99071
• D)99000

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Definitions:

Total Surplus

The combined total of consumer and producer surplus, indicating the overall net gain to society from producing and consuming goods and services.

Producer Surplus

The difference between what producers are willing to sell a product for and the price they actually receive.

Equilibrium Price

The selling price where the quantity of goods on offer is equal to the quantity consumers want to buy.

Consumer Surplus

The variance between the sum consumers are willing to shell out for a good or service and the sum they actually shell out.