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Hospitals typically include all their sunk costs when deciding how much it costs them to provide ser

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9 years ago

Hospitals typically include all their sunk costs when deciding how much it costs them to provide ser

Hospitals typically include all their sunk costs when deciding how much it costs them to provide services because
A) each patient benefits from the hospital's being adequately equipped.
B) hospital administrators have no incentive to be efficient.
C) no hospital could continue operating if it wasn't able to cover its sunk costs.
D) the payments they receive are largely based on what they say are their costs.
E) they are non-profit institutions and hence are in general poorly managed.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 256 times

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Smoooth

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Sublight2097 Author

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9 years ago

My mind was going in all different directions trying to figure this one out. Thanks so much.

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Smoooth

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9 years ago

Don't mention it Happy Dummy

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