The Cost of Producing an Additional Unit of a Product

question 14

Multiple Choice

The cost of producing an additional unit of a product is known as its:

• A) isocost.
• B) transaction cost.
• C) marginal cost.
• D) redundancy cost.
• E) implicit cost.

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Definitions:

Seventh Characters

Additional characters in some coding systems used to provide more specific information about a condition.

Subsequent Encounter

A term used in medical billing and coding to indicate an appointment or treatment after the initial encounter for a condition.

Initial Encounter

The first visit or consultation for a new condition in the medical setting.

Nonessential Modifiers

Descriptors that are not absolutely necessary to have been included in the physician’s notes and are provided simply to further clarify a code description; optional terms.