Hi, what is the Average and Marginal Costs per RVU for the below scenario? 1. Calculate the costs 2. Show your calculations Scenario: Assume that during the FY2016 year, Camden Health LLC historical costs were $750,000 when 11,000 RVUS were produced and $950,000 when 14,000 RVUS were produced. The contract specifies that the number of RVUS per service CPT code are five (5). High Total Fixed Costs #RVUS high point Low Total Fixed Costs #RVUS low point #RVUS per CPT Projected #RVUs for the coming month $950,000 14,000 $750,000 11,000 5 10,000
Hi, what is the Average and Marginal Costs per RVU for the below scenario? 1. Calculate the costs 2. Show your calculations Scenario: Assume that during the FY2016 year, Camden Health LLC historical costs were $750,000 when 11,000 RVUS were produced and $950,000 when 14,000 RVUS were produced. The contract specifies that the number of RVUS per service CPT code are five (5). High Total Fixed Costs #RVUS high point Low Total Fixed Costs #RVUS low point #RVUS per CPT Projected #RVUs for the coming month $950,000 14,000 $750,000 11,000 5 10,000
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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![Hi, what is the Average and Marginal Costs per RVU for the below scenario?
1. Calculate the costs
2. Show your calculations
Scenario:
Assume that during the FY2016 year, Camden Health LLC historical costs were $750,000 when 11,000 RVUS were produced and
$950,000 when 14,000 RVUS were produced. The contract specifies that the number of RVUS per service CPT code are five (5).
High Total Fixed Costs
#RVUS high point
Low Total Fixed Costs
#RVUS low point
#RVUS per CPT
Projected #RVUS for the coming month
$950,000
14,000
$750,000
11,000
5
10,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49c039c1-548a-4528-98dd-82946c5f07de%2Fbc8e2a65-8280-416e-bb9c-c2012aec2a58%2Fzk7dp7t_processed.png&w=3840&q=75)
Transcribed Image Text:Hi, what is the Average and Marginal Costs per RVU for the below scenario?
1. Calculate the costs
2. Show your calculations
Scenario:
Assume that during the FY2016 year, Camden Health LLC historical costs were $750,000 when 11,000 RVUS were produced and
$950,000 when 14,000 RVUS were produced. The contract specifies that the number of RVUS per service CPT code are five (5).
High Total Fixed Costs
#RVUS high point
Low Total Fixed Costs
#RVUS low point
#RVUS per CPT
Projected #RVUS for the coming month
$950,000
14,000
$750,000
11,000
5
10,000
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