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Your marketing department estimates the Medicare urology visits equal 5-(1.0*C)+(-6.5*T)+(5*Tr)+(0.01*Y). Here C denotes the medicaid co-payment (now $20), T is waiting time in your clinic (now 30 minutes), Tr is waiting time in your competitors clinic (now 40 minutes), and Y is per capita income (now $40,000). a. How may visits do you anticipate? b. Medicaids allowed fee is $120. What revenue do you anticipate? c. What might change your forecast of visits and revenue?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91795979

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