The State of Washington Is Using ___________ to Reduce Medicaid

question 83

Multiple Choice

The state of Washington is using ___________ to reduce Medicaid costs.

• A) a CRM system
• B) a Database
• C) an ERP system
• D) virtual reality

---

Definitions:

MR = MC Output

The optimal output level for a firm where marginal revenue (MR) equals marginal cost (MC), commonly used to maximize profit.

Maximizing Profits

Maximizing profits is the process by which a firm adjusts its production and operational strategies to achieve the highest possible financial gain.

Reduce Output

A decision or strategy to decrease the quantity of goods or services produced by a company or economy.

Increase Output

To raise the quantity of goods or services produced within a given time period.