Healthcare Supply and Production

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Across
  1. 1. illustrates the rate at which one input substitutes for the other in the production process at the margin
  2. 3. are directly related to price schedule
  3. 4. improves for producing a healthcare product
  4. 6. a rise in the price radiology services related to physician services
  5. 8. this increases in labor cost would result in supplier decrease willingness to offer as much for sale at original price
  6. 10. is total output at first increases at an expanding rate but after some point increases at a decreasing rate with respects to greater quantity of a variable input, holding all other inputs constant
  7. 11. natural occurrences will tend to affect production
  8. 12. the increase in all input results in a less than proportionate increase in output
  9. 15. occurs when a doubling of inputs results in a doubling of output
  10. 16. identifies how various inputs can be combined and transformed into a final output
  11. 17. shows graphical relation between quantity of healthcare services on the vertical axis and the number of labor input on the horizontal
  12. 18. reflect the opportunity cost of using any resources the medical firm owns
  13. 19. the quantity of labor inputs are multiplied by the wage to get this
  14. 20. Analysis of -- in economics is dominated in neoclassical framework
Down
  1. 2. is calculated the same as demand
  2. 5. when total production is increasing at an expanding rate up to point
  3. 7. results when an increase in all inputs results in a more than proportionate increase in all inputs results in increase in output
  4. 9. will be greater at every price the more firms enter the market
  5. 13. Accountants consider when determining the accounting profits of a medical firm
  6. 14. result when the medical firm becomes too large and experiences managerial inefficiencies