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Economics

Physician’s offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb).

a. Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.

b. What sort of shift in supply or demand would result in market equilibrium with higher prices and sales volumes? A shift outward in demand could lead to equilibrium with higher prices and volumes.

c. What might cause such a shift?

d. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? A shift inward in supply could lead to an equilibrium with higher prices but lower volumes.

e. What might cause such a shift?

A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin?

The owners of the laboratory invested $6 million. What is the return on investment?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229916

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