Physicians’ offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb).
a. Name three other providers of urgent care services.
b. What sort of shift in supply or demand would result in a market equilibrium with higher
prices and sales volumes?
c. What might cause such a shift?
d. What sort of shift in supply or demand would result in a market equilibrium with higher
prices but lower sales volume?
e. What might cause such a shift?
A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating
The owners of the laboratory invested $6 million. What is the return on investment?