Purchase Solution

Demonstrate Cost Benefit Analysis

Not what you're looking for?

Ask Custom Question

The following is a cost function for clinic visits in a small inner city clinic:
Quantity of visits Total Cost per Week
0 $10
1 $15
2 $25
3 $45
4 $75
5 $115
6 $165

a. Determine the marginal cost for each level of output.
b. If the price per visit is given to be $25, at what level of visits will the maximum profit position be?
What are the profits at this level?
What is the quantity supplied?
c. If the price per visit increases to $45, what will be the quantity supplied (assuming maximizing profits)?

Purchase this Solution
Solution Summary

The solution demonstrates cost benefit analysis for the given data.

Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

View More Free Quizzes
Related BrainMass Solutions

  • Supplier Negotiation and Evaluation

    Step 2 I can use credit or price analysis and total cost ownership in evaluating the supplier's bid. I will combine price analysis with credit analysis.

  • Managerial Decisions

    Use clear economic language in a manner that demonstrates understanding of cost benefit analysis, briefly explain the economic terms and concepts.

  • Dealing with Cost Accounting

    They are irrelevant while doing the cost benefit analysis for the project. This means that they are not considered as these are past costs. The past cost doesn't matter as it's a sunk cost.

  • Cost-Benefit Analysis: Application

    612235 Cost-Benefit Analysis: Application What do you think are some of the more important, impacting cost benefit analysis that could affect a society?

  • Cost Benefit and Effectiveness Analysis (CBA and CEA)

    591226 Cost Benefit and Effectiveness Analysis (CBA and CEA) Define Cost Benefit Analysis (CBA). Define Cost Effectiveness Analysis (CEA). Then compare and contrast the differences and similarities of a CEA and CBA.

  • Anderson's Model changes health care marketing

    When a facility, whether it is a small agency or fore-profit corporation, is compelled to market services, the cost benefit analysis would demonstrate a good value for the investment to go toward spending most directly to the target population it wishes

  • Public Expenditures and Cost-Benefit Analysis

    505690 Public Expenditures and Cost-Benefit Analysis Imagine you are conducting a cost-benefit analysis. How do you plan to use this when making decisions about public expenditures? Is it necessary in the decision-making process?

  • Cost benefit in internal assessment

    599959 Cost benefit in internal assessment Explain cost/benefit analysis and discuss how it is used in internal assessments. When is cost/benefit analysis most useful and least useful in an internal assessment?

  • Cost Benefit vs Well Being Analysis: Managerial Economics

    Cost-Benefit vs.

View More Related Solutions