Use the Following to Answer Question

question 85

Multiple Choice

Use the following to answer question:
-(Table: Demand Schedule of Gadgets) Use Table: Demand Schedule of Gadgets.The market for gadgets consists of two producers,Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2 and no fixed cost.If industry output is 300 gadgets produced by Margaret and 200 gadgets produced by Ray and if Ray decides to increase output by an additional 100 gadgets,Margaret's profit will be _____,and Ray's profit will be _____.

• A)$1,750;$1,250
• B)$1,250;$1,250
• C)$1,400;$1,000
• D)$600;$600

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Definitions:

HCPCS Level II Codes

A standardized coding system used medically to identify products, supplies, and services not included in the CPT codes, such as ambulance services and medical equipment.

Tabular List

A method of organizing data in rows and columns to facilitate easy understanding and analysis.

Index

A list or directory used to simplify the search for specific information, often found at the end of books or in databases.

Main Term

The primary or central word used in medical coding to identify a diagnosis, condition, procedure, or other concept.