gcu hca530 week 7 discussion dq 1 & dq2 latest 2016 may

Define the following cost types: total cost, fixed cost, variable cost, average total cost, and marginal cost.

dq 2

The position of the long-run average cost curve is determined by a set of circumstances that includes the price of all inputs, quality, and patient case mix. Provide an example of a change that will cause the long-run average cost curve to shift down.